US Edition$2.5-3 Billion Indian Exports to Benefit From Trump Tariff Rollbacks — Here's What Items Stand to Gain, Way Forward
Tariff exemptions on over 200 Indian food products could boost $2.5 billion to $3 billion in exports and ease pressure from previous tariff hikes, officials said.
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$2.5-3 billion Indian exports to benefit from Trump tariff rollbacks — Here's what items stand to gain, way forward
Ajay Sahai of FIEO estimates $2.5-$3 billion in exports will benefit from U.S. tariff exemptions. Indian agricultural exporters, particularly of high-value products, stand to gain as tariffs on various food items are lifted amid rising consumer demand and ongoing trade talks.
US President Donald Trump is now softening his stance. The ongoing recession in the country has somewhat tarnished his vision of “making America great again”. As a result, Trump has announced a significant reduction in tariffs on agricultural products, which is expected to benefit Indian spice traders and tea producers. Trump has decided to reduce import duties on about 200 food, agricultural and farm-related products. The decision comes amid gr…
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