15% Trump tariff: India among the biggest beneficiaries

India is one of the three countries to benefit the most from the new tariff imposed by Trump, following a court ruling. According to a Financial Times assessment, Brazil stands to benefit the most from Trump's revised 15% tariff, followed by China and then India.

It is ironic that the countries Trump targeted the most are the ones receiving the largest tariff cuts. Brazil received an average tariff cut of 13.6%. China, 7.1%. India, 6%. . The Financial Times report is based on a study by the independent research organisation Global Trade Alert.

Trump had initially planned to impose a 10% tariff as soon as the court ruling came. That would have been brilliant. Trump is inviting strong opposition by calling it in from America itself. In any case, it has finally settled at 15%. From tomorrow, for 150 days, Indian exporters will have the opportunity to benefit from the 15% tariff.

The Trump administration aims to impose different rates on different countries under Section 301 of the 1974 Act. 15% for 150 days. That is the lifespan of this concession.