END TO TRADE WAR

Source: The Hitavada      Date: 04 Dec 2018 12:52:10


 

 

 

 

 

 

 

 

 

WHETHER G20 summit has achieved any major multilateral goals is not known, but one thing of significance has come out of the talks on the sidelines between US President Mr. Donald Trump and Chinese President Mr. Xi Jinping. This would be welcomed by the whole world. The two leaders have agreed not to impose fresh tariffs on each other’s imports from January 1. Mr. Trump, following his protectionist policies, had earlier this year imposed heavy tariffs on import of Chinese goods worth $253 billion with a view to protect domestic trade and industry and was scheduled to raise the tariff from the current 10 to 25 pc on $200 billion worth of imports from January 1, 2019. As per the agreement reached between the two leaders the US has agreed to hold off the proposed rise for 90 days till a final agreement is reached. China had responded equally harshly leading to trade war between the two richest economies of the world. This has had its impact on world trade. Hopefully Mr. Trump changes his other policy stance as well and protectionist regime.


RAJNATH’S OFFER

 

THE offer made by Union Home Minister Mr. Rajnath Singh to Pakistan on providing help to fight against terrorism underlines the gross failure of India’s neighbour in containing a monster of its own creation. Pakistan’s unabashed support to terrorist activities originating from its soil has already landed the cash-strapped country in a big mess with significant cut in foreign aid and reluctance of the International Monetary Fund (IMF) to provide another bail-out package. That Pakistan is fast losing control on its own Frankenstein is evident from the rise in number of terror attacks on its establishments and people including innocent school children. While Mr. Singh’s was a well-thought jibe at Mr. Imran Khan’s Government, the issue has assumed critical importance for the world community. Moreover, security forces in India can boast of sort of mastery on controlling terror given the rapid fall in terror attacks in the last four years. Home-grown terror will continue to bring much shame to Pakistan if it does not mend ways.