New Delhi - Indian exporters got a three-month reprieve from the 26% reciprocal tariff, but the good news comes with higher risk of desperate Chinese industry scrambling for alternative markets to dump their goods, amid Trump’s 125% duty on China. Indian policymakers were seeing it as a cautionary tale about the fluidity and volatility of the situation and justified their decision to engage with the US rather than being baited into a knee-jerk reaction.
Trump’s 90-day pause suddenly makes sourcing of goods from India more attractive for companies that have a presence both . . .
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