Rising Chinese Imports May Trigger More Trade Curbs in India: S&P Global

• S&P Global Ratings report indicates rising Chinese exports to emerging Asian markets, including India, face increasing resistance.
• Domestic manufacturing in India is under pressure from cheaper Chinese goods, potentially leading to more protective trade measures.
• India has already implemented safeguarding duties, such as a tariff on certain steel products until December 2025, to slow imports from China.
• Other Southeast Asian nations like Indonesia, Thailand, and Vietnam have also imposed anti-dumping duties and tightened customs protocols against Chinese goods.
• India's trade deficit with China more than doubled between 2020 and 2025, reaching $115 billion, despite a focus on local manufacturing.

Why It Matters: Rising Chinese imports are pressuring Indian manufacturing, likely leading to more trade restrictions and widening trade deficit.