Reciprocal tariffs: Indian industry expects advantage in US market
Despite a 27 per cent reciprocal tariff, India is likely to gain a relative advantage in the US market as competing Asian countries face steeper hikes. Industry experts see this as an opportunity for India to boost apparel exports, leveraging its full value chain and cost competitiveness. Short-term US buying, however, may slow due to tariff renegotiation uncertainties.
Despite a 27 per cent reciprocal tariff, India is likely to gain a relative advantage in the US market as competing Asian countries face steeper hikes.
Industry experts see this as an opportunity for India to boost apparel exports, leveraging its full value chain and cost competitiveness.
Short-term US buying, however, may slow due to tariff renegotiation uncertainties.
