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Indian products to gain from US hike on China's imports

As per latest CII reports, the additional 25 per cent duties levied by the US on imports worth $34 billion from China, would make certain Indian products more competitive. According to an analysis by the industry chamber, India should now focus on the US market for items like machinery, electrical equipment, vehicles and transport parts, chemicals, plastics and rubber products.

Top exports from India to the US covered in the list of items for which tariffs have been hiked include pumps, parts of military aircraft, parts for electro-diagnostic apparatus, passenger vehicles of 1500-3000 cc, valve bodies and parts of taps. The exports of these items stood at over $50 million in 2017 and can be increased with concerted efforts. Based on India's current exports to the US in these categories, products such as intermediate parts for the defence and aerospace sector, vehicles and auto parts, engineering goods, etc, have a higher potential for export. Countries such as Vietnam, Indonesia, Thailand and Malaysia have also increased their exports of these products to the US in recent years.

 

 
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