As the United States resets its global trade terms under President Donald Trump’s new tariff policy, India finds itself relatively well-placed to benefit from the fallout. While more than 60 countries face steeper barriers to the world’s largest consumer market, Indian exporters are likely to emerge as second-tier beneficiaries of a global supply chain reordering.Sweeping Changes In a dramatic escalation of protectionist trade policy, the US administration announced a two-stage tariff overhaul starting April 2025. From April 5, a universal 10% baseline tariff applies to all imports. This is followed by a sharp shift to country-specific reciprocal tariffs from April 9, calculated based on bilateral trade deficits and strategic interests.
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