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US President Donald Trump has imposed a “concessional” 26 per cent general tariff on imports from India. Many say this will give New Delhi a distinct advantage over competitors in certain sectors.
India is not a major player in the US market – 10th-biggest with a share of just 2.68 per cent in the US’ total imports in 2024 (Chart 1).
Electrical machinery & equipment is India’s top category of exports to the US, followed by gems & jewellery, precious & semi-precious stones, including pearls, and pharmaceutical products (Chart 2).
After tariffs, India may get an edge over
