To replace imported intermediate goods with domestically produced goods, a firm needs to find new domestic suppliers, which can be time-consuming. Furthermore, domestic production costs are likely ...

Amid escalating geopolitical tensions, the United States has grappled with the challenge of “de-risking” its trade relations with China over the past three years. This involves reducing dependence on ...

China’s specialized small and medium enterprises are an underrated part of its strategy to achieve self-reliance in key industries.

The government may undertake a major exercise to reduce the basic customs duty or import tariff on a large number of goods, especially critical raw materials and intermediate goods, in the Budget for ...