The resurgence of US trade protectionism under the second Trump administration presents challenges and opportunities for India’s trade and investment landscape. We analyse the implications of the proposed reciprocal tariffs by the US at the HS-2, HS-4, and HS-6 levels. Further, the paper evaluates India’s export competitiveness, sectoral vulnerabilities, and potential gains in merchandise trade vis-à-vis India’s competitors in US markets, mainly focusing on the US’s targeted tariffs on China, Canada, and Mexico. The findings offer insights for India’s trade negotiations and strategies to strengthen India’s position in the rapidly evolving global trade environment.
Sahoo et al. (Sat,) studied this question.
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