Due to the trade diversion effects of Washington’s tariff war with China, India gained about $755 million in additional exports, mainly of chemicals, metals and ore, to the US, in the first half of 2019 , says a study called ‘Trade and trade diversion effects of United States tariffs on China’ by UNCTAD, the UN trade and investment body. It shows that the ongoing US-China trade war has resulted in a sharp decline in bilateral trade, higher prices for consumers and trade diversion effects and increased imports from countries not directly involved in the trade war.
The US tariffs on China resulted in India gaining $ 755 million in additional exports to the US by selling more chemicals (US$ 243 million), metals and ore (US$181 million), electrical machinery (US$ 83 million) and various machinery (US$ 68 million), as well as increased exports in areas such as agri-food, furniture, office machinery, precision instruments, textiles and apparel, and transport equipment, UNCTAD said.