India vs China: Why New Delhi faces 10% US tariff while Beijing pays 12.5%
India will face a lower 10% US tariff compared with China's 12.5% levy under a new tariff framework linked to forced-labour import restrictions.
New Delhi avoided the higher rate after amending its Foreign Trade Policy to allow restrictions on goods produced wholly or partly using forced labour, giving Indian exporters a relative advantage over Chinese competitors in the US market as India and Washington continue negotiations on an interim trade agreement