Trump's tariffs on China can make Indian products more competitive: US think tank

The think tank GTRI stated on Friday that the United States' imposition of high 125 percent tariffs on China might make Indian goods from industries like electronics, engineering, leather, and textiles more competitive in the United States. The Global Trade Research Initiative (GTRI) warned that unless India actively uses this breathing room to improve its export ecosystem, expedite compliance procedures, and improve interaction with US buyers, the advantages might not last long.

In order to help small businesses obtain more affordable working capital credit and expedite shipments through customs, it recommended that the government reinstate the interest equalization plan.

According to GTRI Founder Ajay Srivastava, the new executive order's 90-day suspension of country-specific tariffs presents a brief window of opportunity for Indian exporters. While imports from India would be subject to a flat 10% extra levy, which is much lower than the previous harsh rates set under the April 2 directive, Chinese goods will now face hefty duties of up to 125%.