New Delhi, May 20: Zoho Founder and CEO Sridhar Vembu on Monday said that no country will lecture India about World Trade Organisation슬롯사이트™s (WTO) norms anymore after the US imposed hefty tariffs on Chinese electric vehicles (EVs).

In March, China started dispute settlement proceedings against the US at the WTO, accusing Washington of 슬롯사이트œdiscriminatory슬롯사이트� EV subsidies. Last week, US President Joe Biden unveiled plans to quadruple tariffs on Chinese EVs. 슬롯사이트œThe US has imposed big new tariffs on Chinese EVs. Trade frictions, particularly between the US and China, are escalating rapidly,슬롯사이트� Vembu posted on social media platform X.슬롯 머신 사이트 추천Elon Musk Thinks Solar Energy Is Very Much Underestimated in Terms of Its Capability.

슬롯사이트œAt least, no one will lecture India about "WTO norms" anymore. More seriously, this is the inevitable outcome of decades of extreme monetary madness, which gave rise to exploding trade deficits and debt,슬롯사이트� he elaborated. The Biden move plans to hike tariffs this year on Chinese EVs from 25 per cent to 100 per cent and on lithium-ion EV batteries from 7.5 per cent to 25 per cent.슬롯 머신 사이트 추천TRAI Move on New Broadcasting Policy To Make India a Global Content Hub, Says Broadband India Forum.

슬롯사이트œConventional wisdom has been that 슬롯사이트˜deficits don't matter.슬롯사이트� We don't have to balance any book, we can let trade imbalances go on forever. It is this flawed idea that is undermining global trade now,슬롯사이트� said Vembu. The Biden administration also plans to hike tariffs on solar cells from 25 per cent to 50 per cent, on certain steel and aluminum products from up to 7.5 per cent to 25 per cent.

(The above story first appeared on LatestLY on May 20, 2024 07:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).