New Delhi, April 11 -- The pause in reciprocal tariffs by the US adminstration offers Indian businesses a short-term advantage--especially in sectors like textiles, leather, engineering, and electronics, where India competes directly with China, said Global Trade Research Initiative (GTRI) Founder, Ajay Srivastava.
In response to China's steep tariffs on American goods, the US has raised duties on Chinese imports to 125 per cent. At the same time, Trump has offered temporary relief to over 75 other trade partners, including India.
"While Chinese goods face the full brunt of the new tariffs, exporters from other countries, including India, have been given a brief reprieve," GTRI said in a note.
For the next 90 days, starting April 10, i...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.