New Delhi, Nov. 15 -- India is expected to gain a small edge as the US administration has exempted agricultural products from the reciprocal tariffs it had imposed on several countries, said trade think tank GTRI.
The United States has removed a set of agricultural products from the reciprocal tariffs introduced earlier this year, meaning these items will now face only the standard MFN duties.
A White House Executive Order issued on November 12 excludes coffee, tea, tropical fruits, fruit juices, cocoa, spices, bananas, oranges, tomatoes, beef and certain fertilizers from the April 2 reciprocal tariff regime, according to a Global Trade Research Initiative (GTRI) report put out on Saturday.
The exemptions took effect on November 13. Th...
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