Less Impact On India Than Global Peers

New Delhi: As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India’s export competitiveness to the US market stands far less impacted on a relative basis compared to global peers. Tariffs unveiled by Trump would bring a major realignment in global trade and manufacturing value chains.

“India has been placed somewhere in the middle of the tariff rates at 26 per cent in addition to 10 per cent baseline duties, which needs to be assessed for real impact,” said Assocham President, Sanjay Nayar.

“‘Net-net, it appears India’s export competitiveness to the US market stands far less impacted on a relative basis. Yet our industry should make concerted efforts to increase export efficiency and value addition, to mitigate impact of these tariffs,” he said in a statement.