India, Feb. 9 -- The Government of India has issued a release:
Key Takeaways
Major Relief on Reciprocal Tariffs
Exemption Category - No Additional Duty
Section 232 (End-Use Basis) Commitments
Textiles & Apparels
Leather & Footwear
Gems & Jewellery
Home Decor
Toys
Machinery and Parts (Excluding Aircraft Parts)
Zero Duty Access for Agricultural Exports:
Calibrated Market Opening with Strong Safeguards:
· India secured preferential access to a USD 30 trillion U.S. market
· Textiles & apparel gain tariff cuts from 50% to 18%, with silk securing 0% duty access in a USD 113 billion U.S. market
· Machinery exports see tariffs reduced to 18%, opening opportunities in a USD 477 billion U.S. market
· USD 1.36 billi...