New Delhi, April 21 -- The United States government has initiated the long-awaited process of refunding billions of dollars in tariffs after the Supreme Court of the United States struck down duties imposed by President Donald Trump earlier this year.
While the move unlocks an estimated USD 166 billion in refunds, Indian exporters impacted by the tariff regime are unlikely to benefit directly.
According to the Global Trade Research Initiative (GTRI), Indian exporters do not have a legal mechanism to claim refunds from US authorities. The refunded duties are payable only to US-based importers who had originally borne the tariff burden at the time of entry.
GTRI has advised Indian exporters to proactively engage with their American buyers ...