By Admin 
Trump Tariff: If there is no trade deal between India and America at a low tariff rate, then India will lose a 5 billion US dollar exports ahead of Vietnam. This has been revealed in a report by Moneycontrol. In 2023, India sent US $ 76 billion goods to the US, while Vietnam exported only US $ 5.4 billion. It is clear from this that there is no direct match between the two countries.
India and Vietnam business in America
Both India and Vietnam send 161 types of similar products to America. Their price is more than US $ 5 million. However, India’s export is more than Vietnam. The business of these products sent to America is US $ 22 billion. Vietnam’s stake in this is $ 5.4 billion $ 5.4 billion, that is, Vietnam can only challenge India up to US $ 5.4 billion in business.
Danger hovering on the shrimp
Both countries sell goods at a large amount of goods to America at a similar price. In such a situation, the potential loss to India is $ 353 million. The biggest risk is hovering over the shrimp. In 2023, India sold about US $ 1.81 billion shrimp to the US. At the same time, Vietnam sold shrimp worth US $ 290 million.
Meanwhile, if the US gives a better tariff rate to Vietnam than India, India’s shrimp exports may decrease rapidly to US $ 224 million. That is, India may lose $ 1.6 billion in this category alone.
Many more products can show its effect such as linen products used in kitchen and bathroom. Jewelery category can cause losses up to US $ 231 million. In all these categories, Vietnam and India give a similar service to America.
Also read:
Stamped on US-Vietnam trade deal, 20 percent tariff imposed, now an eye on India