High US tariffs pushing Chinese exporters to tap Indian firms for shipments to America: FIEO

American sourcing firms and Chinese exporters are contacting Indian companies to supply goods to the US, aiming to circumvent high tariffs imposed by Washington on Chinese products. The US has imposed 145% tariffs on Chinese goods, while India faces only 10%. Chinese manufacturers are also seeking to pass export orders to Indian firms, maintaining US business relationships through commission-based arrangements.

American sourcing firms and exporters in China are approaching Indian companies to supply goods to the US as high tariffs imposed by Washington are making it difficult for them to ship directly to America, apex exporters' body FIEO said on Monday. The US has imposed 145 per cent tariffs on Chinese goods entering the American market. For India, the duty is just 10 per cent.#TariffImpact #TrumptaxCuts #TariffSuspension