The India-US trade relationship explained in 4 charts
1 month, 1 week ago

The India-US trade relationship explained in 4 charts

CNN  

CNN — US trade policies are under the microscope after President Donald Trump enacted tariffs on top trading partner China and teased more, broader tariffs in the coming days. While India has been spared any tariffs from the new Trump administration so far, Trump said recently that reciprocal tariffs will be announced on any countries with tariffs on US goods, which would include India. With Trump planning to impose 25% tariffs on the US’s two top trade partners, Mexico and Canada, and a 10% tariff already in effect on Chinese goods, experts say India could benefit from these strained trade relationships by exporting more technology, electronics and jewelry to America. The time is ripe and the incentives are in place for these two leaders to beat the odds and make a major deal,” wrote Kenneth I. Juster, US ambassador to India from 2017 to 2021, and Mark Linscott, assistant US trade representative for South and Central Asian affairs from 2016 to 2018, in a January 21 Foreign Policy article.

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