Tariff Wars : Will China’s Loss be India’s Gain?

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First, it was Modi effect.
Close on the heels of Ram Mandir event, he announced the launch of Pradhanmantri Suryodaya Yojana. His target is to install rooftop solar on 1 crore houses. Soon after, the stocks in the sector hit upper circuits.
And now, it is Mr Biden energizing Indian solar stocks.
The US President has criticized China’s government subsidies that offer Chinese companies an unfair trade advantage. In the spirit of protectionism, he has gone on twitter to announce a tariff war on Chinese goods.
The tariffs on EV batteries will be raised by over 100%. Duties on semiconductors will be up 50%. On photovoltaic cells used to make solar panels, the duties will be doubled.
The public on twitter can’t celebrate this move enough. Companies in the solar ecosystem are in news. Some stocks in the sector have hit upper circuits.
If you are planning to join this frenzy, keep in mind the potential second order effects of this move. Watch the video below to know more.
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[@sanjaykumarjain1]

I TOTALLY AGREE WITH YOU ON THIS . SAFETY FIRST ALWAYS