Tariff cuts spark optimism in Bhadohi carpet industry
The Bhadohi carpet industry is experiencing renewed optimism as the US reduces tariffs on Indian carpets to 18%. Exporters expect a 20% increase in business, marking a significant recovery from previous high tariffs that had severely impacted exports.
after close1 source ↓written by the desknot a recommendation
- in business
- 20% boost
- previously soared
- 50%
A surge of optimism has enveloped Bhadohi’s carpet industry following the India-US trade deal, with tariffs reduced to 18%. Exporters anticipate a 20% boost in business, likening the moment to Diwali celebrations. This relief comes after US tariffs had previously soared to 50%, crippling exports for local weavers and exporters.
Not investment advice. For informational purposes only.