India-US trade deal: Why Indian importers are delaying customs clearance of American dry fruit; ‘opting to pay penalty because…’
As India and the US negotiate a trade agreement before US President Trump’s tariff deadline, Indian dry fruit importers are delaying customs clearances for US walnuts and almonds. Anticipating a significant reduction in import duties, potentially around 50%, importers are willing to pay penalties for delayed clearance to avoid financial losses if duties decrease after goods are cleared at current rates.🕒 1 min read
As India and the US negotiate a trade agreement before US President Trump’s tariff deadline, Indian dry fruit importers are delaying customs clearances for US walnuts and almonds. Anticipating a significant reduction in import duties, potentially around 50%, importers are willing to pay penalties for delayed clearance to avoid financial losses if duties decrease after goods are cleared at current rates.
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