US tariff cut boosts India's labour-intensive exports outlook
pre-market1 source ↓written by the desknot a recommendation
- Indian goods
- 25% to 10%
- effective
- 24 Feb 2025
The US has reduced reciprocal tariffs on Indian goods from 25% to 10%, enhancing the competitiveness of labour-intensive sectors like pharmaceuticals, textiles, and electronics. This follows a US Supreme Court ruling that deemed previous tariffs illegal, allowing for a temporary import surcharge effective from 24 Feb 2025. Traders may see increased demand in these sectors as a result.
Not investment advice. For informational purposes only.