The summit between U.S. President Donald Trump and Chinese President Xi Jinping in Busan , South Korea ended with several outcomes for bilateral ties between the two countries, but also sent ripple effects to India. As a result of the talks, the U.S. has reduced tariffs on China to 47%, making India (and Brazil) at 50%, the highest tariffed country. More than the specific outcomes, including a one-year truce on trade tariffs and export restrictions on rare earth minerals, however, experts said the characterisation by both leaders of the U.S.-China “G-2” or grouping of the two biggest global powers, may have the bigger impact, especially for the region.

Moments before the summit, Mr. Trump posted that the “G-2 will be convening shortly!”. At the meeting with Mr. Xi, Mr. Trump began by s

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