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Trump tariffs: Indian cashew set to gain in US as Vietnam faces higher duty

  • The US has imposed a 46% tariff on Vietnam, while a 26% tariff has been levied on India on cashew imports.
  • Indian cashew will be 20% cheaper in the US compared to Vietnam due to the tariffs.
  • In the short term, Indian cashew exporters will benefit, but in the long term, there could be more competition from African countries due to their 10% duty.
  • India's cashew exports reached a seven-year low in value terms and the industry hopes to bounce back in the US market.

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