India trade boost: US exempts select farm goods from reciprocal tariffs; GTRI sees marginal gains

AI imageA White House Executive Order issued on November 12 exempted coffee, tea, tropical fruits, fruit juices, cocoa, spices, bananas, tomatoes, beef and some fertilizers from the 25–50 per cent reciprocal tariffs imposed on April 2. These goods will now face only standard MFN duties, with the exemption taking effect on November 13.Washington Reports Encouraging Momentum As India-US Trade Talks Advance Toward A Year-End AgreementNarrow gains for IndiaAccording to GTRI, India’s immediate export gains will ...