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Indian exports to US to become more competitive after hike in tariffs on China, other countries

  • India is expected to become more competitive in the US market due to higher tariffs on China, Canada, and Mexico, creating significant opportunities.
  • The trade discussions between India and the US, aimed at a bilateral trade agreement (BTA), are ongoing, focusing on sectors like agriculture and automobiles.
  • India has resisted US demands for duty concessions, seeking removal of additional tariffs on certain products and easing tariffs on steel, aluminum, and auto sectors.
  • Both countries are negotiating for a proposed bilateral trade agreement with a target to conclude discussions by fall (September-October) this year.

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