New Delhi, April 3 -- Indian solar equipment makers may have a competitive advantage over their rivals in China and Vietnam after US President Donald Trump announced his promised reciprocal trade tariffs on almost all countries.
Although the tariffs will increase costs for US power generators that import solar equipment and may impact the sales of exporters, India may have an edge due to the lower tariff imposed on Indian products.
The US imposed a 26% tariff on Indian exports, while the tariffs on China and Vietnam are 34% and 46%, respectively.
While the details are yet to be outlined for the tariffs imposed by the US, the initial analysis seems to show a comparatively better situation for Indian solar manufacturers than other global...
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