How the new US tariffs stack India against its competitors
The US has imposed new tariffs targeting 60 countries, including India, under Section 301 of the Trade Act, aimed at curbing imports of goods made with forced labor. India received a second-most favorable tariff rate, while major competitors like China and Vietnam are in the least favorable group, highlighting India's relative advantage. The tariffs are part of a broader strategy to reduce reliance on China amid ongoing trade tensions.