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.