The trade war between the US and China has started after US President Donald Trump imposed tariffs on China. Experts believe that in such a situation, Indian exporters can get benefit in increasing their shipments in the US market. India is expected to increase a significant increase in exports. According to PTI news, India was the fourth largest beneficiary when US President Donald Trump imposed a high fee on Chinese goods during his first term.
Big export opportunities for India to America
According to the news, sources said that after coming to power again, Donald Trump signed an order to impose heavy duty on imports from China on Saturday. This fulfilled an election promise, but increased the possibility of price rise for American consumers. Exporters say that India provides major export opportunities to the US by imposing customs duty on imports from China. Tariffs will affect exports from China to America as this will increase their goods prices in the US market, making them less competitive.
These areas likely to benefit in exports
Ajay Sahay, Director General of the Federation of Indian Export Organization, said that this step can create opportunities for Indian exports due to the impacts of trade turn as American buyers will look for an alternative supplier to avoid higher costs. He said that the limit of profit depends on India’s production capacity and competitiveness. Sahai said that areas that are likely to benefit are electric machinery and components, auto components, mobiles, pharma, chemicals, apparels, clothes etc.
During April-November 2024-25, America 82.52 billion US $ bilateral trade (52. 89 billion US $, Rs 29. 63 billion US $ and 23. 26 billion trade surplus) Was India’s second largest business partner with. In the year 2021-24, America was India’s largest trading partner.
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