Tariff skirmishes need to be resolved mutually: Das

Expressing concern over 'tariff skirmishes' between large economies, the US and China, India's G20 Sherpa Shaktikanta Das has said the issues need to be resolved through mutual engagement.

The US administration has imposed tariffs worth USD 60 billion on Chinese imports to punish the country for its "unfair" seizure of American intellectual property.

China, on the other hand, unveiled plans to impose higher tariffs on USD 3 billion worth of American goods including pork and pipes in retaliation to US tariffs on steel and aluminium imports from Beijing, authorities said.

"Tariff skirmishes between large economies are a matter of concern for global growth. These countries need to analyse whether it really benefits their domestic economy. Such trade issues need to be resolved through mutual engagement," Das said in a tweet.

US President Donald Trump had imposed heavy tariffs on imported steel and aluminium which he said were necessary to boost the US industry suffering from "unfair" business practices, a move that has sparked fears of a global trade war