Tariff cuts spark optimism in Bhadohi carpet industry
pre-market1 source ↓written by the desknot a recommendation
- in business
- 20% boost
- reduced tariffs
- 18%
- that nearly halted
- 50% duties
A surge of enthusiasm has emerged in Bhadohi's carpet industry following the India-US trade deal, with exporters anticipating a 20% boost in business. The US has reduced tariffs to 18%, with potential for zero in select sectors, marking a significant recovery from previous 50% duties that nearly halted exports. This development is seen as a "Diwali-like" moment for local exporters, benefiting lakhs of weavers.
Not investment advice. For informational purposes only.