US-China Trade War Including Crude Oil Companies

Impact on India
A trade war is an economic conflict
resulting from extreme protectionism in
which states raise or create tariffs or
other trade barriers against each other in
response to trade barriers created by the
other party
 Impact on Indian Exports
 The US-China trade war is indirectly helping India

boost its exports

The Chinese are seen substituting their cotton imports

from US to India and their Asian economics

Sectors like apparel and textiles, footwear, toys and

games and cell phones manufacturing are need to be
encouraged.
Contd....
“India can focus on Numerous goods for expanding
its exports to the US and China market following the
hike and duties”.
“Products such as intermediate parts for the defence
and aerospace sector, vehicle and auto parts,
engineering goods, etc. have a higher potential for
Exports”.
 Impact on Indian Market
In the Manufacturing Industry
The proposed additional duty of 15% could negatively
affect the cost of production as it escalates the raw material
cost such as on stainless steel fittings, binders for factory
moulds, structure and parts of structure of iron and steel,
screw and bolts, a category of springs, plates and sheets. An
additional duty of as high as 50% has been proposed on
motorcycles.
 Contd...
 In the Indian Food Sector

Almonds and Walnuts will become expensive. The

prices of pulses and lentils like chickpeas and Red
Lentils are likely to go up. Fresh apples have also
made it to the list with an additional 25% duty.
 Certain Products that we import from China
to India are,
Vehicles excluding rails.

Car accessories.

Iron and Steel machinery.

Plastic and their made products for decoration purpose.

Foot wears and their parts thereof.

Furniture.
 Certain Products that we export
from India to China are,
o Comprise of ores

o Slag and ash

o Iron and steel

o Plastic

o Organic Chemicals

o Cotton
Certain Products that we import
from US to India are,
 Oil
 Precious Stones
 Electronics Items
 Heavy Machinery
 Plastic
 Animal and Vegetable oil
 Iron and Steel
 Plastic
 Certain Products that we export
from India to US are,
o Basmati rice
o Mica
o Pani Puri Making Machine
o Beef
o Orthopedic Devices
o Spices
o Garments
o Tea
Leading Oil And
Gas Companies In The US
 ExxonMobil crude oil

 Chevron Corporation crude oil

 Occidental Petroleum crude oil

Source: Worldatlas.com
Leading Oil And
Gas Companies In The China
 China National Petroleum Corporation

 China National Offshore Oil Corporation

 Shenergy Group Company Limited

Source: Investopedia.com
Conclusion
 In an era of interconnected markets and global supply
chain, the current trade tensions between the US and
China are likely to have significant contagion effects
around the world.