The Unexpected Impact Of Indias Zero Duty Exports On American Businesses

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· india business news: · india is considering zero-duty imports from the us in various sectors, including those under the pli scheme, to expedite a bilateral trade agreement and reverse reciprocal … · the customs duty reduction announced in the budget on products such as motorcycles and synthetic flavouring essences would benefit american exports, economic … · india reduces customs duties on various items ahead of pm modis us visit, signaling a positive shift in trade relations. · indian government and companies are collaborating urgently to mitigate the impact of us president trumps tariff threats by potentially reducing tariffs on us imports. · india is actively exploring the possibility of offering zero-duty import access to goods from the united states across a range of sectors, including those currently incentivised … · indian exporters hope to replace competitors across a variety of engineering goods, including machinery and components, where zero-duty access will be provided to 1,659 items. · india is considering allowing zero import duty on goods from the us in selected sectors, particularly those covered under the production-linked incentive (pli) scheme. Nearly 70% of indian goods exports to the us face a 50% tariff, impacting labor-intensive sectors like textiles, gems, and agriculture. · prolonged trade discussions between india and the us are causing uncertainty for indian businesses, leading to a slowdown in export orders across sectors like electronics, … · deepak shetty, ceo of jcb india and president-designate of the indian construction equipment manufacturers association, highlighted how a zero-duty agreement …