According to Ajay Srivastava, Founder of the Global Trade Research Initiative, the US-China agreement to withdraw reciprocal tariffs for 90 days has brought tariffs closer to parity, undermining the "China Plus One" strategy that benefited India.
As the US and China agreed to reduce tariffs on each other's goods, India can use this as leverage to strengthen exports in sectors that remain relatively insulated from US-China trade, SC Ralhan, President of the Federation of Indian Export Organisations (FIEO), said.
The US and China have arrived at an agreement that they will withdraw their previously announced reciprocal tariffs and counter tariffs for an initial period of 90 days.
The US administration has been able to dominate the perception battle with its Indian counterpart at a time when both partner countries are negotiating for a bilateral trade deal, argued Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) and a foreign trade officer.
With higher tariffs on Chinese imports set to raise vehicle prices in the US, global automakers are likely to turn to alternative suppliers like India, said Nomura in its latest report.
The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade worries following the reciprocal tariffs announced by the US.
The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade wars following the reciprocal tariffs announced by the US.
India's ties with the United States are multi-dimensional and will only deepen, former Indian Ambassador to the US Taranjit Singh Sandhu has said, noting that India has a great opportunity to be a reliable partner in the supply chains.
US Vice President JD Vance visiting India in almost the beginning of the second term of President Donald Trump holds its own significance, Former Ambassador of India to the US Taranjit Singh Sandhu has said and noted that the strategic partnership between the two countries has many dimens
Under the guise of so-called "reciprocity," the United States has been recently arbitrarily imposing tariffs on all its trading partners while pressuring them to engage in so-called "reciprocal tariff" negotiations, an offical spokesperson for China's Ministry of Commerce said
Taiwan President William Lai Ching-te assured farmers and fishers that Taiwan's tariff talks with the US would not sacrifice the interests of its agriculture and aquaculture sectors, amid concerns over new US duties prompted by trade tensions with China.
Indian stock indices closed handsomely higher Wednesday, amid global trade uncertainties that have emanated from Trump administration's reciprocal tariffs and Chinese counter tariffs.