Brief by Shorts91 Newsdesk / 09:39am on 03 Feb 2026,Tuesday India Global
India has secured a significant trade advantage over regional competitors like China, Bangladesh and Vietnam after the United States reduced tariffs on Indian goods to 18 % from much higher rates under a new India-US trade deal. This tariff reduction places India ahead of nations such as Bangladesh and Vietnam (around 20 %) and China (around 34 %) in terms of export competitiveness in the US market, potentially boosting Indian exports significantly. The move also strengthens India-US economic ties and enhances India’s position in South and Southeast Asia’s export landscape. (PC: PTI)
