US Tariffs on China May Hurt Indian Chemical Exporters

Repercussions of US President Donald Trump's tariffs on China will likely be felt not just on several domestic sectors but also on key export destinations for Indian companies as Chinese firms turn to less-taxing geographies.

- Jessica Jani

MUMBAI:

Other than domestic sectors such as steel that will likely be affected by the US' decision to impose 20% tariffs on all Chinese imports into the country, industry experts say Indian chemical exporters will also be in a tough spot. This is because the US tariffs could force Chinese chemicals companies to flood other markets with cheaper products, depressing global prices and causing stiff competition for Indian chemical exporters.