<ul data-eligibleForWebStory="false"><li>India is expected to gain competitiveness over major competitors like China, Canada, and Mexico in the current US tariff regime, especially in sectors like pharmaceuticals, textiles, and electrical machinery.</li><li>The strategic tariff advantage gives India an opportunity to expand market share in the US across various product categories, with only a slight disadvantage in some sectors where the average tariff difference is minimal.</li><li>The evolving global trade environment necessitates adaptive policymaking to leverage new trade alignments and enhance India's competitiveness in both high-value sectors and labor-intensive industries.</li><li>The analysis considers additional baseline tariffs imposed by the US on imports from most countries, while higher tariffs are applied to imports from Mexico, Canada, and China, with the situation subject to change based on evolving trade dynamics.</li></ul>

US tariff structure gives India edge over China, Canada, Mexico: Niti Aayog

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