Mumbai (Maharashtra) [India], March 2: "The abrupt and unexpected reduction in the RoDTEP rates and the notified value caps for all HS lines by 50% has come as a big surprise and a huge shock for the exporters," said Shaleen Toshniwal, Chairman of MATEXIL (Manmade and Technical Textiles Expo
From January 1, 2026, India faces a major setback in the EU market, as 87 per cent of its exports begin paying higher import tariffs following the EU's suspension of Generalised Scheme of Preferences (GSP) benefits. These GSP concessions previously allowed Indian products to ship at less
Tariffs by the United States on solar imports have dealt a heavy blow to Indian solar module exporters, forcing manufacturers to redirect volumes back into the domestic market, according to a report by ICRA.
The new tariffs imposed by the United States are expected to significantly impact American households, with average bills likely to rise by around USD 2,400 in the short term due to inflation driven by these tariffs, according to a research report by the State Bank of India (SBI).