26-July-2026
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India gains edge over competitors as US levies new tariffs
25-Jul-2026

By putting a ban on import of goods produced using forced labour, India has managed to reduce the additional tariffs that the US had proposed to impose on its exports to 10% from 12.5%. This gives the country a tariff advantage over competitors like China, Vietnam, Thailand, and Türkiye, which will be charged 12.5%. “This has helped India secure a relatively favourable position compared to many of its global competitors,” said S. C. Ralhan, President of the Federation of Indian Export Organisations (FIEO).

News Source:- https://www.financialexpress.com/policy/economy/india-gains-edge-over-competitors-as-us-levies-new-tariffs/4301777/?ref=economy_hp