AssetID: 55276721
Headline: UNCAPTIONED: India's Exports to the US Rebound Despite High Tariffs
Caption: India’s Exports to the US Rebound Despite High Tariffs. India’s exports to the United States have bounced back for the first time in five months, rising 14.5% in October compared to September — even though Donald Trump’s steep 50% tariffs are still in place. The recovery follows a sharp drop after the tariffs, including a penalty on Russian oil purchases, took effect in late August. The turnaround comes as India and the US edge closer to a new trade deal. Indian state-run oil companies have agreed to boost annual LPG imports from the US, while Washington has lifted reciprocal tariffs on many farm goods that could benefit Indian producers - According to BBC. Still, India’s overall exports dipped nearly 12% year-on-year, and trade with most major partners fell. Analysts say tariff-free sectors like smartphones and pharmaceuticals may have helped soften the impact. Despite the October rebound, India’s shipments to the US are still down more than 28% since May. But tensions are easing, with both sides moving quickly toward finalizing the first phase of a long-awaited trade agreement — one that could also exempt around $1 billion in Indian agricultural exports from US duties. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,India,exports,United States,tariffs,trade,rebound,growth,LPG,trade deal,agricultural goods,smartphones,pharmaceuticals,export decline,trade tensions,agreement,reciprocal tariffs,US market,Indian producers
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