New Delhi, April 24 -- Exporters eyeing new opportunities in the US market amid high tariffs of up to 245 per cent on China must proceed with caution, warns a new report by the Global Trade Research Initiative (GTRI).

The sharp rise in US tariffs on Chinese goods--up to 245 per cent--has opened a window for other countries like India, which has a much lesser tariff of 10 per cent at least till July 8, but the path is not without traps.

The report said "With Chinese exports facing tariffs as high as 245 per cent, while most other countries continue to enjoy just 10 per cent duties, this sharp tariff gap as a major disruptor of global trade flows. This disruption is prompting companies to rethink sourcing strategies, giving rise to three ...