New US tariffs: India gets a relative advantage, but for how long?
The US imposed a 10% tariff on India as part of new tariffs affecting 60 countries, following investigations into forced labour practices. This tariff provides India a competitive edge over countries like China and Vietnam, which face higher rates, but uncertainty remains regarding the longevity of this advantage amid potential future tariffs. India's textile industry may struggle to maintain its competitiveness, while the pharmaceutical sector could see significant tariffs by 2028.