U.S.-China agreement is a mixed bag for India’

• Some experts believe the deal offers opportunities for India in sectors like pharmaceutical APIs, gems and jewellery, engineering goods, organic chemicals, and IT-enabled services.

• Others suggest that high tariffs on China could lead to a return of investments to India.

• The U.S. and China announced a temporary reduction in tariff escalation, thawing trade relations between the two largest economies.

• S.C. Ralhan, President of the Federation of Indian Export Organisations, suggests the reduction could boost U.S.-China bilateral trade in high-value sectors like electronics, machinery, and chemicals.

• Ajay Srivastava, former Director General of Foreign Trade, argues the deal doesn’t address the underlying trade imbalance.

• Lower tariffs could potentially ease ‘dumping’ of Chinese goods, a concern for countries like India and Vietnam.