Cheer for exports: Textiles, carpets, leather set to gain after India-US deal

2026-02-02 - 21:45

With the trade deal announced, Indian goods are suddenly looking more competitive. This means that a product will face 18% additional tariff over the MFN or product-specific rate. At 18%, the levy on Indian garments will be marginally lower than the 20% faced by those made in Bangladesh or Sri Lanka.