By Admin 
US-China Trade War: The trade war between America and China is once again at its peak. On one hand, China has made the rules to control the export of rare earths more strict. At the same time, countering this, US President Donald Trump has imposed 100 percent tariff on Chinese products.
India will benefit from this tension between the two biggest economies of the world. Experts believe that due to the increasing trade war between China and America, Indian exporters can benefit from increasing their exports to the American markets. Obviously, this step of China will affect all the industries of America, including defense, clean energy and electric vehicles.
There is a huge difference in tariffs between India and China
President of Federation of Indian Export Organization S. C. Ralhan said that due to America’s imposition of high tariffs on China, the demand will shift towards India. We can get benefit from this. In the business year 2024-25 (April-March), India sent goods worth $ 86.51 billion to America. America’s 100 percent tariff imposed on China will come into effect from November 1, 2025.
With this, the import duty on China will now increase to 130 percent along with the 30 percent baseline tariff imposed earlier. America currently imposes 50 percent tariff on India, which is much less than China’s 130 percent. Now this will benefit the exporters of India.
America’s dependence on China will reduce
Due to increase in tariffs on China, the products here will become more expensive in America, making them less competitive. According to the report of Economic Times, toy exporter Manu Gupta says that high tariff on Chinese goods will help us in attracting buyers from both the countries. He further says, “This will help us.” We will get equal opportunities.
He also revealed that American buyers like big retail sector company Target have contacted him. Think tank GTRI also said that increasing trade tensions between the US and China will increase the prices of electric vehicles, wind turbines and semiconductor components in global markets. America is heavily dependent on China for electronics, textiles, shoes, white goods and solar panels. Now with the increase in their prices, the process of importing them from India will be faster.
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