US Tariffs to Create Opportunities

An analysis by NITI Aayog says only specific sectors may be affected in India due to reciprocal duties

- DHRUVAKSH SAHA & SHREYA NANDI

The United States' (US') plan to impose reciprocal tariffs on its trading partners starting April 2 will create opportunities for India since Washington has slapped additional 20-25 per cent tariffs on countries such as China, Mexico, and Canada, according to a preliminary analysis prepared by the NITI Aayog.

China, Mexico, and Canada account for 50 per cent of the US' imports, which stand at over $3 trillion. They are India's main competitors in the American market.

"We are looking at the data at a disaggregated level... these are preliminary results... reciprocal tariffs are not going to affect (India) except specific sectors and there are opportunities to capture," NITI Aayog Programme Director Pravakar Sahoo said on Friday.

He did not elaborate on the sectors that might gain or lose due to the tariffs.