NEW DELHI: Indian agricultural exporters are among the winners from US President Donald Trump’s exemption of dozens of food items from his reciprocal tariffs regime, which some analysts say could help to revive lost demand.
Trump on Friday removed tariffs he had imposed on more than 200 food products, including beef, as consumer concerns mount over rising US grocery prices.
Unlike EU and Vietnamese suppliers facing 15–20 percent duties, Indian exporters of tea, coffee, spices and cashew nuts were hit harder after Trump doubled tariffs to as high as 50 percent on imports of certain Indian goods, including a punitive 25 percent levy from the end of August on India’s Russian oil purchases.
Ajay Sahai, director general of the Federation of Indian Export Organizations (FIEO), says that between $2.5 billion and $3 billion of exports will benefit from the tariff exemptions.
Positive signal for wider trade talks
