India, Nov. 16 -- The United States has announced an exemption to a wide variety of agricultural and processed-food items from reciprocal tariffs to ease domestic inflation, a move likely to benefit India's exports, which had been hit by President Donald Trump's April tariff announcement.

Trump announced, in an executive order, that the US government was scrapping tariffs on coffee, tea, tropical fruits, nuts, spices and several other commodities.

The White House administration released a revised list - Annexure II - of goods exempted from country-specific reciprocal tariffs imposed in August this year. The order, which became effective from November 13, comes amid mounting pressure on Trump administration to combat rising consumer pric...