America and China have started a trade war by putting tariffs on each other. Government sources say that India can benefit from this because now Indian exports are expected to increase in America.
The source said that during the first term of US President Donald Trump, when the US imposed a high tariff on Chinese goods, India was the fourth largest profit country during that time. A source said, ‘India is likely to benefit from this trade war. India is expected to increase a significant increase in exports. ‘
Exporters have also said that by imposing customs duty from the US on imports from China, India will get a lot of opportunities for exports to America. The charge of the fee will affect the exports to the US from China as this will increase the prices of their goods in the US market, which will make them less competitive.
Federation of Indian Exporting Organizations (FIEO) Director General Ajay Sahai said, “This step can create opportunities for Indian exports, as American buyers will find alternative suppliers to avoid high cost.” p style ="Text-Align: justify;"> On Tuesday (February 4, 2025), the US has imposed an additional 10 % tariff on goods coming from China. In response, China has also imposed tariffs on America. A tariff of 15 % has been applied on coal and LNG and 10 % on crude oil. The source said, ‘We talked to Indian exporters and we have received positive feedback. He hopes that this move of America and China will increase Indian exports.
An official to the news agency ANI said that in the last term, when the US had imposed a tariff on China, India got the benefit of it. Indian exports in the US then reached $ 57 billion, reaching $ 73 billion. However, the official also says that India will not be able to escape from high tariffs. It is possible that America put tariffs on some goods coming from India.
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