As a fresh wave of US tariff threats rattles Asia-Pacific exporters, Indian industry senses an opening to gain ground in the global manufacturing race – though analysts warn that converting opportunity into a lasting advantage will require swift and strategic reforms.
If and when the higher tariffs take effect, Indian exports would face a 26 per cent duty – much lower than the 46 per cent and 36 per cent levies aimed at Vietnamese and Thai goods, respectively – potentially giving the South Asian nation a relative advantage.
With formal trade talks between New Delhi and Washington expected to accelerate during this suspension period, observers say India has a chance to secure crucial concessions, especially as global manufacturers seek to further diversify supply chains long centred on China.
