At the same time, raw material prices are correcting sharply in certain categories, particularly antibiotics, while customers are destocking to take advantage of lower prices.
September 9, 2025
His comments come in the wake of US President Donald Trump’s decision to impose a 50% tariff on Indian exports—a move justified by Washington as a response to India’s continued purchases of Russian oil.
September 6, 2025
In a telephonic interview on The Scott Jennings Radio Show, Trump said he "understands tariffs better than anyone" and accused India of being the “most tariffed nation” in the world.
September 3, 2025
“The carpet industry was exempted from income tax till 1996. We need such relief again. Orders are being cancelled, and if the government does not step in, the industry will suffer irreparably,” Kala told ANI.
September 3, 2025
“I can’t for the life of me understand why the President of the United States, in confrontation with China and in a war with Russia, would impose 50 percent tariffs on India. We should reduce them to zero and apologise,” Price said.
September 3, 2025
Price noted that India, as a developing economy, is entitled under international trade norms to impose higher tariffs than developed nations.
September 3, 2025
Tiruppur contributes exports worth ₹45,000 crore globally, of which nearly ₹15,000 crore is bound for the US. With the tariff in place, many American buyers have either held back orders or demanded steep discounts.
September 3, 2025
Employing over 800,000 artisans, the industry depends heavily on the US, which accounts for nearly 32% of India’s diamond exports.
September 3, 2025
The claim comes amid heightened trade tensions after the US imposed a 50 percent tariff on Indian imports, including an additional 25 percent duty tied to New Delhi’s Russian crude purchases.
September 3, 2025
“India, for many years, it was a one-sided relationship… India was charging us tremendous tariffs. They were the highest in the world,” he said.
September 3, 2025Advertisement