Opinion: Trump poses no major threat to Indian exports
Live MintDonald Trump will be the next US President. It is known that the US is India’s second-largest trade partner with total trade in goods and services of about $200 billion, and here service exports play a major part. In September last year, US trade representative Katherine Tai announced that India and the US had agreed to resolve their last outstanding dispute at the World Trade Organisation and lower tariffs on certain US agricultural products, including frozen turkey, frozen duck, fresh blueberries, etc. So we are unlikely to see major restrictions on India’s exports as raising tariffs on some intermediates like pharma and machine tools would be self-destructive from the US point of view. Given China’s known economic uncertainties, this would be a good time to let in FDI in the form of India-incorporated Chinese companies for onward exports to the West, including the US.