US Tariffs: Bilateral Negotiations Provide Collateral Benefits to India, Says SBI Report

US trade tariff reciprocity may turn out to be more of white noise and overall bilateral negotiations provide a collateral benefit to India, through fostering a conducive environment of cooperative dynamism across defence, energy security, innovations, technology, critical minerals, maritime security, investments and higher education, a special SBI Research report said on Monday.

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The largest and most vibrant democracy stands tall as a natural ally to US "in the Indian Ocean from a strategic, as also economical perspective", according to the report from the State Bank of India's Economic Research Department, titled "Collateral benefits: IND-US trade set to transcend new boundaries".

"Our estimates show overall incremental tariff levels even at 15 per cent-20 per cent imposed by USA would still limit the impact on exports to US only in the range of 3-3.5 per cent, which again should be negated through higher export goals," said the SBI report.