India has a fresh chance to become a manufacturing powerhouse with the election of Donald Trump, who has promised to levy sky-high import tariffs on Chinese goods.

For the second largest economy, China, a big source of concern is tariffs against Chinese products. During the campaign trail, Trump had stated that he would impose at least 60% tariffs on Chinese imports and 20% tariffs on imports from all other countries.

After the resounding victory of Donald Trump in US presidential elections, once he takes over the president’s office in January, the first and foremost thing he is likely to do is to impose tariffs on Chinese imports,

US President-elect Donald Trump campaigned on a promise to take a confrontational approach to China, with tariffs as his weapon of choice. But unless his administration adopts a measured approach, his plans may end up harming American businesses and consumers,