India Trade Deficit Edges Up in December, Exports to US Stay Firm
India's merchandise trade deficit widened slightly to $25.04 billion in December as imports rose, while exports to the world's largest consumer market remained firm despite tariff hikes. U.S. President Donald Trump’s decision to double tariffs to 50% on certain Indian goods from late August has hit shipments of products such as textiles, chemicals and some food items, though overall exports have since stabilised. "U.S. exports have grown on-year in the first nine months of the (fiscal) year," Rajesh Agrawal, commerce secretary, told reporters, adding total exports could be more than $850 billion in the...
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