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Bloomberg Quint

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Image Credit: Bloomberg Quint

India Much Better Placed To Deal With Trump Tariffs: ITC Chairman

  • India is much better placed to deal with disruptions emanating from Trump tariffs as there is a possibility of signing an FTA with the US for which discussions are happening at a fast pace.
  • The reciprocal tariffs imposed by the US have been postponed until July 9, except for China.
  • ITC Chairman, Sanjiv Puri, highlighted that India's levers of competitiveness, digitization, and future-ready portfolio offer a strong position to handle the impact of the tariffs.
  • India and the US have been negotiating a bilateral trade agreement with the aim to increase the bilateral trade to $500 billion by 2030.

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