NEW DELHI : India could pose stiff competition to Sri Lanka and the Philippines for nearly a fifth of their exports to the United States as both countries are facing high import duties under new US trade arrangement, according to an analysis.
The impact is expected to be sharper for Sri Lanka, where 21 percent or $618 million of its $2.98 billion exports to the US in 2023 could now face Indian competition. The island nation has been subjected to a 30 percent duty under the revised tariff regime . . .
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