Sambhal, Feb. 7 -- A sharp reduction in US import tariffs has sparked relief and renewed optimism among handicraft traders in Sambhal, Uttar Pradesh, reviving hopes of renewed exports and global demand for the town's distinctive artisanal products.
The move, which cuts tariffs on Indian-origin goods from 50 per cent to 18 per cent, is being seen as a turning point for exporters whose businesses were hit hard by the earlier hike.
Sambhal, known for its horn-based handicrafts and home decor items, has long been part of the global artisanal supply chain.
Traders here say the earlier tariff increase imposed significant financial pressure, leading to frozen orders, delayed shipments, and strained relationships with overseas buyers. With the...
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