The Indian government is exploring ways to avert export disruptions caused by US reciprocal tariffsset to take effect on April 2. The Commerce Ministry has urged industry players to substitute Chinese imports with US goodshoping to secure better trade terms and avoid escalating economic tensions.
To ease trade tensionsIndia is considering offering greater access to US goods in sectors such as: Textiles – Open to zero-duty access for US imports.
Gems & Jewellery – Proposes reducing diamond import duty from 5% to 2.5%.
Electronics & Carpets – Also under discussion.
With tariff tensions risingIndia is strategizing to balance trade relations while protecting exports. The success of these measures will depend on India’s competitiveness in global markets.