According to a Phillip Capital report, India could gain from Trump’s higher tariffs on China despite challenges such as tougher immigration policies, as the “China+1” strategy opens new trade avenues for India.

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According to a report by Phillip Capital, India may face a range of challenges under Donald Trump`s administration, including higher tariffs and stricter immigration policies. However, the report also suggests that despite these obstacles, India could see substantial benefits if the US imposes increased tariffs on Chinese goods, as per ANI.
Trump’s return as the President of the United States is expected to bring significant shifts, especially in international trade, tariffs, and immigration, potentially impacting various sectors in India. Trump’s “America First” stance could lead to tougher policies on immigration, which may affect Indian IT companies, as reported by ANI. However, with adaptive measures like local hiring and establishing near-shore centres, the Indian IT sector could manage these shifts.