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.
There was no immediate indication whether any progress was made on Saturday during the more than 10-hour meeting between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Switzerland.
President Donald Trump has indicated that he is open to significantly reducing the United States' existing 145 per cent tariff on Chinese goods ahead of upcoming trade negotiations between the two nations.
The agreement will be the first announced since President Trump imposed heavy tariffs on several of America's trading partners, though he later paused them temporarily to give other countries the chance to negotiate deals with the United States.
Congress leader Shashi Tharoor on Thursday said that China "did not take much of a pro-Pakistan stand" amid current tensions between India and Pakistan following Pahalgam terror attack and said the Indian market is all the more important to Beijing today in the Trumpian world of high tarif
India and the United Kingdom FTA is seen as a part of a new global trade strategy that aims to reduce dependence on China, manage trade challenges from US tariffs, and help the UK reshape its economy after Brexit, according to a report by SBI Research.
Indian primary aluminium manufacturers are projected to remain in a healthy profitable state for this fiscal year, countering global trade headwinds, including the recent hike in US tariffs on aluminium imports, according to a report by Crisil Ratings.
A surge of "origin washing" advertisements has emerged on Chinese social media platforms, presenting exporters with methods to evade hefty US tariffs by re-exporting goods and using freight forwarding services or by misrepresenting their manufacturing locations, according to a report from Ra