India Now Faces Only 10 % Tariff After White House Adjusts Terms Following U.S. Court Ruling
India’s exporters will now face a temporary 10% tariff on goods entering the United States. This is a major change from the previously agreed higher rates. The U.S. Supreme Court struck down broad tariff powers used by President Donald Trump. The White House then moved to reset the tariff terms, according to officials in Washington […]
Masala Chai! As Americans go bananas over tariffs, Trump smells the coffee, eases import duties; relief for Indian tea and spices
Indian spice merchants and tea growers will be among global exporters who will breathe a sigh of relief along with American consumers after US President Donald Trump, feeling the heat of rising domestic prices due to tariffs, moved to lower import duties on nearly 200 food, farm, and agricultural items.While coffee from Brazil, beef from […]
US May Scrap 25% Penal Duty on Indian Goods, Reciprocal Tariffs Likely to Be Cut to 10–15%: CEA
India’s Chief Economic Adviser (CEA) V. Anantha Nageswaran expressed optimism that the United States may soon roll back the steep penal tariffs imposed on Indian goods and reduce reciprocal duties, offering some relief to exporters struggling under the burden of higher levies. Speaking at an event in New Delhi, Nageswaran said the 25% penal tariff […]