Trump’s policies may open new doors for India’s defence sector: Report
Live MintNew Delhi, November 25 : The "America First" trade policy promoted by upcoming U.S. President Donald Trump has far-reaching implications for global trade and geopolitics. It said "Indian businesses in sectors such as pharmaceuticals and defense might also find new opportunities, especially if U.S.- India collaboration strengthens. The report said "increased tariffs might prompt retaliatory measures from trade partners, potentially affecting U.S. exporters in sectors like agriculture and technology". The report also highlighted that India may find a silver lining in global supply chain realignments, particularly in technology areas like AI and semiconductors, driven by the "China 1" strategy. While higher tariffs and a stronger dollar may escalate export costs for sectors like IT and pharmaceuticals, some countries, like Mexico, stand to gain by attracting manufacturing that might otherwise remain in China.