Indian exporters are closely monitoring developments in Washington as the United States reviews tariff measures and labour-related trade investigations, with industry leaders banking on the ongoing bilateral trade agreement (BTA) negotiations to preserve India's competitive position in the American market, The Time sof India reported on June 4.
Exporters said their primary concern stems from the possibility that China could face a similar levy. Indian exporters are not too worried about the latest proposal to impose 12.5% tariffs on 54 countries; they're instead fighting an all too familiar fear -- China. What really bothers them is the same levy on China, ToI's report (by Sidhartha) said.
