New Delhi, April 24 -- Significantly high US tariffs on China are reordering global trade, with countries like India emerging as potential beneficiaries, provided exporters play by the rules, said a new report by the Global Trade Research Initiative (GTRI).

However, the report Tariffs, Traps & Trade Paths warned that while opportunities are abundant, non-compliance with US origin rules could quickly turn gains into penalties. It flagged risks of dumping, re-routing, and origin misclassification that could derail the potential shift.

"Chinese exports to the US are being penalised heavily. But this doesn't mean countries like India can step in and fill the void without ensuring they meet the US origin tests," said Ajay Srivastava, co-foun...