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US-China trade war gives India a chance to cut down trade deficit
Commodity Online | October 11 2018
UPDATED 10:06:08 IST

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The current trade war between the US and China has opened up a window of opportunity for India that has long struggled to contain a widening trade deficit with China. Beijing has slapped higher duties on American goods in tit-for-tat action.

Some analysts have, suggested India to explore more possibility in exports of farm items like Cotton, Oilseeds, including Soybean, Oilmeals, Maize, Copper and chemicals.

China has imposed or proposed tariffs on $110 billion of US goods, representing most of its American imports ranging from farm items like Cotton to automobiles.

According to a commerce ministry study, of the 603 American tariff lines (items) on which Beijing has imposed extra duties in the range of 15-25%, India can ship out 44 items without much difficulty, as it currently has access to the Chinese market in these products.

India doesn’t export as many as 54 items where American supplies to China are substantial. Most of the other items are small-ticket ones where imports by China from the US are negligible and or up to $10 million each.

 

 

Commodity Arrivals Rate
Mustard Oil 0.5 9885.00
Coconut Oil 2 19000.00
Arecanut 175 34217.00
Sugar 8.34 3900.00

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