India eyes opportunities as US tariffs target China, Canada and Mexico

The imposition of customs duties by the US on imports from China, Canada, and Mexico provides huge export opportunities for India to America, exporters say.

The tariffs would affect exports from China, Canada, and Mexico to the US as they would push prices of their goods in the American market, making them less competitive.

“The move can create opportunities for Indian exports due to the trade diversion effects as US buyers will seek alternative suppliers to avoid higher costs,” Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said.

He said the extent of benefits depends on India’s production capacity and competitiveness.

“The sectors which are likely to gain are electrical machinery and components, auto components, mobile, pharma, chemicals, apparel, fabrics,” Sahai added.

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