India, April 10 -- US President Donald Trump has increased tariffs on Chinese goods to a record 104% from today. It is a part of growing US China trade war and a serious escalation in global trade tensions. But the question that spins in everyone's head now is how will this affect India. Could this situation create problems or open new doors for the Indian economy? However, until recently, the US had taxed Chinese goods at just 10%. Then rising tensions saw President Trump give China 24 hours to pull out its own 34% tariff on US goods. China refused. The US, in response, decided to add an additional 50% to the existing taxes, to make it 104%. China refuses to back down and describes the move as 'blackmail'.

While India is not a part of t...