Trump’s 10% tariff blow could work in India’s favour
The US imposed a 10% Section 301 tariff on Indian exports, which may raise costs for exporters but could also benefit them as competing countries face even higher tariffs. Federation of Indian Export Organisations President S C Ralhan noted that Indian suppliers in sectors like textiles and leather remain competitive despite the tariff, as rivals such as Bangladesh and Pakistan are also affected. The potential for trade diversion could further enhance India's market position, particularly in segments where competitors face a 12.5% tariff.