The conclusion of the India-European Union Free Trade Agreement (FTA) marked a significant boost for India's labour-intensive export sectors, with tariffs on most Indian goods entering the EU reduced or cut to zero.
In a post on X, Ramesh said, "The Trump double tariff has come into effect. This will undoubtedly hit our labour-intensive exports to the US - especially textiles, gems & jewellery, leather, marine products, and engineering as well."
As negotiations for a long-anticipated Free Trade Agreement (FTA) between India and the United States enter their final stretch, India is making a last-minute, high-stakes push for full tariff elimination on its labour-intensive exports.