Trump tariff: Exporters are both, cautious and optimistic

Either garment, car components or engineering sectors, the United States pause with a 27 % rate has been a relief for Indian exporters. | Photo credit: Getty Images/Istockphoto

Either garment, car components or engineering sectors, the United States pause with a 27 % rate has been a relief for Indian exporters.

“There is a return to some kind of normality. But, nothing is still final. So, both the industry and the government should see how India can improve its global trade effectively,” said a textile exporter.

The Minister of the Union of Commerce and Industry, Piyush Goyal, with the chiefs of the export promotion on Wednesday (April 9, 2025) and secured the measures to monitor the impact and imports of the reciprocal tariff. Hello, he also said that a 24*7 aid line will be created, according to one of the participants in the meeting.

The representatives of the Export Promotion Council that did not want to be mentioned indicated that if the current tariff rates continue for shipments to the USA. UU., With 125 % duty in China, the largest adversary (for Indian global trade) is almost out of the scene. China Plus One strategy that international buyers were seeing will change.

In addition, Mexico and Canada have a zero duty for enough Linse products or the United States-Mexico Agreement. Now, it is a playing field for India, Vietnam, South Korea, etc.

Almost all countries analyze bilateral commercial agreements with the United States and when India negotiates with the US, it will not only be in rates but also in a large number of other problems. In the next 90 days, India should analyze what can best be negotiated with the United States, they said.

In the domestic market, India must be cautious and stricter in the rules of origin for imports because China has reduced its production capabilities well, can make products to almost third of the cost and have a large raw material. You will see different markets for your products. It is among the 15 countries that are part of the Regional Integral Economic Association and India is not part of it, they said.

“There is a new world order form. India cannot sit down and expect orders to come and investments are presented. The government should create an environment to attract and increase the participation of exports in GDP,” said Offs Exports. ”