News Capsule: US lowers tariffs
17-Nov-2025 11:18 AM
News Capsule: US lowers tariffs
★ The U.S. decision to remove tariffs on more than 200 food products is expected to benefit Indian exporters of tea, coffee, spices, and cashew nuts. These items had earlier faced duties of up to 50%.
★ The move could help revive lost demand in the U.S. market, create opportunities for premium and value-added products, and send a positive signal for ongoing India–U.S. trade discussions.
★ However, Latin American, African, and ASEAN countries are likely to gain even more.
★ High freight costs, strong competition from Vietnam and Indonesia, and strict U.S. quality standards may limit the potential benefits for Indian exporters.