Donald Trump’s Rates War: United States President Donald Trump said on April 9 that he was “silent” his reciprocal rates in all countries except China. The move has brought joy back into the global markets, but China is now slapped as high as 125 percent with rates. In the midst of this, we ask: Is it India’s time to shine? Yes, apparently representatives of the confederation of all Indian traders (Cait). Praveen Khandelwal, secretary of Cait and BJP parliamentary of Chandni Chowk (Delhi), believes that although Donald Trump’s decision to impose 125 percent rates on Chinese goods, “an opportunity and a challenge for India’s trade and industry”. ‘Should strategic approach,’ says Cait Secretary General According to Khandelwal, trades and small industries in India, a strategic approach must devise to fully utilize the opportunity and challenge this situation presents. Among his proposals are the creation of new export opportunities between India and the US. “As Chinese goods become more expensive in the US market, US buyers will start looking for alternative sources. Indian manufacturers and exporters will be able to come in to fill this gap, especially in sectors where China has traditionally dominated. This could open a new and promising market for Indian exporters in the US. ‘Can cause a major shift in the global supply chain’, also optimistic, BC Bhartia, national president of Cait, thinks that the US trade war could cause a ‘big shift’ in the global supply chain. “If the US and other countries are looking for their dependence on China, India has the potential to emerge as a reliable alternative supply partner. With initiatives such as Make in India and the production -linked incentive (PLI) scheme, India is increasingly seen as a strong manufacturing base that can help attract investment and technological sectors,” Bhartia pointed out. Silver lining for Trump tariffs: stronger global competitiveness? Both craffy and Bhartia feel that Trump’s tariff policy will strengthen global competitiveness – although Chinese products are becoming more expensive, Indian products can be the attractive alternative, giving Indian traders a ‘clear advantage’. The traders also feel that the situation brings “great promise”, but that it has short -term uncertainties. “The sudden change in global trade dynamics can lead to fluctuations in raw material prices and impact logistics, both of which need to be closely monitored,” they noted. Which Indian industries can benefit from Trump’s rates in China? According to Khandelwal, the extent to which India benefits will depend on how quickly and quickly the country’s trade and industrial sectors can adjust their strategies. “Key sectors such as electronics and mobile manufacturing, pharmaceuticals and APIs, textiles and clothing, engineering goods and car components, chemicals and specialty chemicals, IT services and electronic design, and FMCG products can benefit significantly,” according to him. “Although rates do not directly affect services, the current geopolitical climate increases India’s position as a reliable technology for the US,” the Cait statement says. First published: 10 Apr 2025, 02:23 pm Ist
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