Huge opportunity for India as Trump readies to hit another $200 billion worth of Chinese imports with tariffs

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President Donald Trump escalated the trade war with China last week with the release of a list of more than $200 billion worth of Chinese exports to the US that could be subject to new tariffs, offering a huge opportunity to India aided by a falling rupee and its manufacturing potential.

As opposed to previous tariffs, which focused mostly on industrial goods, the new list runs the gamut – from consumer products to food to industrial chemicals. This means if Trump follows through on this threat, just under 50 per cent of all Chinese imports would be subject to a tariff.

Here’s a rundown of the major product categories that are on Trump’s new list:

Meat: pork; beef intestine; rabbit meat; venison; frog legs

Fish and seafood: live fish including ornamental fish, trout, eels, tuna, and carp; chilled or frozen meat of various types of trout, salmon, halibut, plaice, sole, albacore, tuna, herring, mackerel, cobia, swordfish, pollack, whiting, catfish, rays, and more; various types of salted or smoked fish; other seafood including various types of lobsters, crabs, shrimps, prawns, oysters, scallops, mussels, clams, squid, octopus, conchs, abalone, sea cucumbers, and sea urchins.

Non-meat animal products such as eggs and dairy: Whey products; butter; various types of eggs including chicken; honey; hair of animals including human, hog, horse and badger; animal intestines, bladders; feathers; bones including shells, beaks, corals, hooves, antlers, and more.

Vegetables: onions; garlic; cauliflower and broccoli; cabbage; carrots; turnips; radishes; beats; cucumbers; peas of various types; beans; lentils; celery; mushrooms; peppers of various types; squash; okra; sweet corn; potatoes; sweet potatoes and yams; some types of tomatoes; spinach; Brussels sprouts.

Fruit and Nuts: Coconuts; cashews; almonds; hazelnuts; walnuts; chestnuts; pistachios; macadamia nuts; pecans; dates; figs; pineapples; guavas; oranges; mandarins; clementines; raisins; grapes; apples; pears; quinces; peaches; berries including strawberries, raspberries, cranberries, blueberries and others; bananas; a variety of dried fruits; peels of various fruits.

Cereals: wheat, including durum wheat; barley; oats; corn; various types of rice; grain sorghum; buckwheat; quinoa; and more.

Mill products: flours including those form wheat, corn, buckwheat, rice, rye, other cereals, potatoes, and bananas; groats and meal of various types including wheat, corn, oats, and rice; malt; starches of wheat, corn, potato, and more

Oil seeds: soybeans; seeds of sunflower, flax seed, sesame, mustard, poppy and more; planting seeds for certain crops; cocoas and mint leaves; and seaweeds.

Sugars and candies: cane sugar; candies with no cocoa

Breads and Pasta: uncooked pasta; various breads, pastries, cakes, and biscuits.

Prepared vegetables and fruits: various vegetables and fruits previously listen in their prepared or preserved forms; various fruit jams including strawberry, pineapple, apricot, and more; peanut butter; various fruit juices including orange, pineapple, lime, grape, apple, and more.

Other food items: soy sauce; condiments and seasonings; protein concentrates.

Beverages and vinegars: water, including mineral water; fruit or vegetable juices and juice mixes; beer from malt; wine, including rice wine; ethyl alcohol; vinegars

Food processing waste and animal feed: brans from processing; oil cakes; dog or cat food; animal feed

Tobacco products: various types and preparations of tobacco; tobacco refuse; cigars; cigarettes; smoking tobacco

Salts and minerals: salt/sodium chloride; sulfur; graphite; quartz; types of clays; chalk; slate; marble; granite; sandstone; dolomite; gypsum; some plasters; some types of cement; mica; Epsom salts

Ores, slag, and ash: ores of iron, copper, nickel, cobalt, aluminum, lead, zinc, tin, chromium, tungsten, uranium, titanium, silver, other precious metals, and others; slag, various types of ash.

Mineral fuels and oils: coal; lignite; peat; coke; tars; various types of light oil; various types of kerosene; petroleum oils; liquefied fuels including natural gas, propane, butane, ethylene, and petroleum; oil shale and tar sands

Inorganic and organic chemicals: chemicals such as chlorine, sulfur; carbon, nitrogen, oxygen, and silicon; acids including sulfuric, nitric, and more; various types of fluorides, chlorides, sulfates, nitrates, carbonates, and more.

Fertilisers: animal or vegetable fertilizers; urea; ammonium sulfate; sodium nitrate; and more.

Various chemical products: pesticides; herbicides; fungicides

Plastics: vinyl flooring and other plastic floor and wall coverings; sausage casings; bags; gloves including baseball gloves; rain jackets; machinery belts.

Rubber: latex; rods, tubes, and other products; conveyor belts; various types of transmission belts; various types of pneumatic tires; gloves; gaskets; dock fenders.

Raw hides and leather: animal skins including cow, buffalo, sheep, goats, reptile; various types of leather made from cow, buffalo, sheep, goats, reptile; leather trunks and suitcases; leather handbags; CD cases; gloves including ski, ice hockey, and typical use; belts; fur clothing, including artificial fur.

Wood: fuel wood; charcoal; various types of wood including oak, beech, maple, ash and cherry; moldings; rods; particleboard; various types of plywood; doors; corks and stoppers; wicker and bamboo baskets.

Wood pulp products

Paper: Newsprint; writing paper; vegetable parchment; carbon paper; self-adhesive paper; cigarette paper; envelopes; tablecloths; handkerchiefs; folders.

Wool or animal hair products: cashmere; yarns; tapestries and upholstery.

Cotton: fibers; thread; yarn; denim; satin.

Flax: yarn; fabrics

Man-made textiles: polypropylene; rayon; nylon; polyester

Other textile products, rope, twine: hammocks; fish nets; carpets;

Fabrics: corduroy; gauze; terry towel; lace; badges; embroidery

Headgear: caps; hairnets; wool hats; safety headgear like hard hats; head bands.

Stone, plaster, cement, asbestos: stone for art; marble slabs; roofing slate; millstones; sandpaper; floor or wall tiles; cement bricks.

Ceramics: fire bricks; pipes; tiles; porcelain and china.

Glass and glassware: balls; rods; drawn or blown glass; float glass; tempered safety glass; mirrors; carboys, bottles, jars, pots, flasks, and other containers; microscope slides; woven fiberglass

Precious stones and pearls: diamonds; silver and products made of silver; gold and products made of gold; platinum; palladium.

Iron and steel and products derived from the metals: drums; tubes; pipes; doors; windows; screws; horseshoes;

Copper: plates; cables; tubes; pipes; springs

Nickel: bars; rods; wires

Aluminium: powder; cable; wire; screws.

Various metal products, tools, cutlery: industrial items made from lead, zinc, tin, and more; saw blades; bolt cutters; hammers; wrenches; crow bars.

Machinery, both industrial and retail: steam turbines; engines; fuel-injection pumps; air compressors; air conditioning machines; refrigerators; cream separators; hydraulic jacks; escalators; manure spreaders; copiers; automatic beverage-vending machines

Electronics: vacuum cleaners; hair clippers; spark plugs; generators; bicycle lights; electric amps; television cameras; various types of TVs; video projectors.

Vehicles and parts: axles; driving shafts; gear boxes; radiators.

Parachutes

Ships and boats: sailboats; motorboats; canoes; yachts.

Instruments for scientific or medical purposes: microscopes; cameras for non-art purposes; gauges for pressure, electrical currents, and more.

Clocks and watches

Furniture, bedding, mattresses: car seats; wood chairs; furniture designed for offices, kitchens, and more; mattresses; chandeliers; lamps.

Assorted items: buttons; stamps; paintings; collections of zoological, botanical, mineralogical, anatomical, historical, archaeological interest; antiques of an age exceeding one hundred years

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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