India hopes to gain from China’s tariff measures, cites benefits from past trade wars

India hopes to gain from China’s tariff measures, cites benefits from past trade wars

With China imposing 15% to 25% retaliatory tariffs on imports from the United States, the world may be facing a fresh wave of trade wars. However, India believes that it is likely to gain from the US-China tariff disputes. Government sources told CNBC-TV18 that exporters have provided positive feedback on export orders and may witness an increase in their shipments to the American market.

Sources indicated that the US may retaliate against China’s tariff measures on certain products based on reports from the US Trade Representative (USTR) and the US Department of Commerce. With tariffs driving up the prices of Chinese products in the American market, Indian exporters are hoping to gain a relative competitive advantage.

Sources added that during the last trade war between the US and China, India was the fourth-largest beneficiary of trade, as exports worth $51.63 billion from India in FY 2020-21 increased to $76.71 billion in FY 2021-22.

In the period from April to November in FY 2024-25, the US was India’s second-largest trading partner, with bilateral trade in goods worth $82.52 billion. India enjoyed a trade surplus of $23.26 billion, with exports amounting to $52.89 billion and imports totaling $29.63 billion. From 2021 to 2024, the US was India’s largest trading partner.

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