Trump tariff impact: India’s exports to US down 28.5% in 5 months; key sectors battered
US import tariffs on Indian goods, doubling to 50%, have caused a sharp 28.5% drop in exports over five months. Labour-intensive sectors, including textiles and gems, faced the steepest declines, leading to significant revenue losses and job concerns. India’s government is urged to expedite export promotion missions and negotiate tariff reductions with the US.🕒 1 min read
US import tariffs on Indian goods, doubling to 50%, have caused a sharp 28.5% drop in exports over five months. Labour-intensive sectors, including textiles and gems, faced the steepest declines, leading to significant revenue losses and job concerns. India’s government is urged to expedite export promotion missions and negotiate tariff reductions with the US.
Continue Reading
- Lululemon leadership transition: CEO Calvin McDonald to step down in January; athletic wear brand wrestles with dropping sales
- Yashasvi Jaiswal scripts history, joins elite list of cricket legends
-
Arjun Tendulkar Warned IPL Of Mukul Choudhary In Advance. KKR Didn’t Listen
- US Lifts Oil Sanctions On Iran Till August 21 As Deal Talks Continue
- Jewellery sector recovers: Exports up nearly 20% in November; GJEPC says demand returning in China, Hong Kong, Middle East
- Trump Claims He Stopped India-Pak War With Trade, Should Get Nobel Prize
- Gravy Not A Right In Restaurants, Kerala Court Has Ruled: Owner
- Husband, Mother Kill 2 Children, Then Die By Suicide Over Custody Battle
- Canada Appoints Janice Charette As Chief Trade Negotiator To US
- Slow Progress In Electric Vehicle Charging Infra Despite Multiple Schemes