NEWS DETAILS

Date: 15/04/2025

US tariffs on China could make Indian exports more competitive

The imposition of steep 145% tariffs on China by the US could help Indian products from sectors such as textiles, leather, engineering and electronics become more competitive in America, according to think tank Global Trade Research Initiative (GTRI). However, the benefits may be short-lived unless India proactively leverages this breathing space to strengthen its export ecosystem, streamline compliance processes and enhance engagement with US buyers. 
 
GTRI suggested that the government reintroduce an interest equalisation scheme to help small firms get access to cheaper working capital credit and Customs expediting shipments. The 90-day suspension of country-specific tariffs could help Indian products become more competitive in the US market, especially in sectors where India competes directly with China, such as textiles, leather goods, engineering items and electronics, as per a report.
 
source: Exim News Service: New Delhi, April 14