<ul><li>The new tariff regime could significantly reduce the cost differential between India's manufacturing and that of its Asian peers, many of whom are now charged higher tariffs.</li><li>U.S. President Donald Trump has announced a baseline tariff of 10% and reciprocal tariffs for individual countries.</li><li>The move by President Trump has disrupted the 'China Plus One' or 'China Plus Two' strategy adopted by countries and companies to insulate themselves against future supply shocks.</li><li>The average tariff imposed by the U.S. has been raised from 2.3% to a higher level.</li></ul>

Trump Tariff Can Put India At A Vantage Point

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