US Tariffs Shift Global Trade Approach Towards India

08-Apr-2025 05:26 PM

New Delhi: The US President’s new tariff policy has triggered a global trade shakeup, prompting many developed nations to seek alternative markets. Countries previously rigid in free trade agreement (FTA) negotiations with India are now showing a willingness to offer more concessions, aiming to tap into India’s vast market.

According to officials, this shift is helping India expand its trade network and mitigate the potential impact of US tariffs on Indian exports. With 18% of India’s total exports going to the US, diversifying export destinations has become a priority.

India now sees renewed importance in enhancing trade ties with partners like the European Union and Britain. Experts suggest that currency devaluation could boost exports, though it may also risk import inflation.