President Donald Trump’s tariff war is accelerating Beijing’s trade and investment push into developing nations known as the Global South, according to research by S&P Global, potentially creating a new trade order dominated by Chinese firms.

Minister of State for Commerce and Industry Jitin Prasada in a written reply told the Lok Sabha that a combination of production-linked incentives (PLIs), logistics reforms, and market-expansion strategies are being deployed to safeguard India’s global competitiveness.

U.S. levies on Chinese goods like toys, footwear and furniture could rise sharply if a deal is not approved by Tuesday’s deadline.