India wins the championship in U.S. reciprocity tariffs, sees drug tariffs have limited impact

Officials said India won the U.S. reciprocity tariffs compared to other countries and the two companies are negotiating compared to other countries due to the Bilateral Trade Agreement (BTA), adding that Indian exporters are negotiating in terms of negotiations compared to their competitors.

They said the country will take all measures to check the dumping of Chinese goods, as Beijing’s tariffs and work within the World Trade Organization (WTO) framework is steeper to prevent dumping of countries hit by high U.S. tariffs into their markets.

“The government is there to protect the domestic industry from the possibility of dumping goods in this situation,” one official said.
New Delhi is also exploring measures to protect sensitive sectors such as dairy cattle and agriculture in the trade war.

Although India has a reciprocal tariff rate of 26%, China has a tariff of 34%. India may also profit from the U.S.-China trade war.

While some exports, such as fisheries, may lose Ecuador’s market share due to the country’s lowered mutual tariffs, officials said India could export more products to the EU due to the Trump administration’s new U.S. tariffs. Washington may impose tariffs similar to steel imports.

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Work is also underway for exporters who will be affected by U.S. export growth in fiscal 25, but will be higher than previous fiscal growth in fiscal 26, an official said.

India’s commodity exports from April to February 25 were US$3956.3 billion.

Although the U.S. has imposed a 26% import tax in India, its rival Vietnam faces a 46% tariff, China 34% and Indonesia 32% and Thailand faces a 36% tariff.
Officials also said the Ministry of Commerce is in contact with domestic exporters regarding the tariffs.

“The work is being prepared to expand the export promotion mission of supporting measures to exporters,” the official said.