The tariffs that US President Donald Trump imposed on Chinese goods present a significant opportunity for India, if it undertakes internal reforms to capture a share of what China loses in exports. In 2024,

Arnab Das, Global Macro Strategist at Invesco EMEA, suggests that India could benefit from lowering tariffs in response to US pressures. This could make India's economy more open and competitive. Das emphasizes the broader context of Trump's aggressive trade policies and the potential for bilateral negotiations between India and the US.

US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as “very unfair” and announced reciprocal tariffs from April 2 on nations that impose levies on American goods.