Trump’s proposed tariffs on China, Mexico, and Canada create export openings for India, says Niti Aayog CEO Subrahmanyam.
US President-elect Donald Trump’s announcement to impose steep tariffs on imports from China, Mexico, and Canada could pave the way for significant export opportunities for India. Niti Aayog CEO B VR Subrahmanyam highlighted on Wednesday that these measures, including a proposed 25 percent tariff on Mexico and Canada and an additional 10 percent on China, might reshape global trade dynamics.
Subrahmanyam urged India’s domestic industry to gear up and leverage this potential. With reduced competitiveness for these nations in the US market, Indian exporters could step in to meet the demand for goods previously sourced from the affected countries.
Trump’s tariff strategy reflects a broader push towards reshoring and protecting US industries. However, this realignment in trade could open doors for India to strengthen its position in sectors such as textiles, pharmaceuticals, and auto components, provided businesses act swiftly to seize the opportunity.
