India’s agri exports to gain modestly from US tariff waiver

India’s exports of agricultural commodities are unlikely to gain much from US President Donald Trump’s recent exemption of select food items from reciprocal tariffs. Mr Ajay Srivastava of the Global Trade Research Initiative (GTRI) stated that India had a small share in the exports of those items in the latest reciprocal tariff exemption by the US; thus, there is not expected to be a significant impact on its agri products.  The White House order, issued on November 12, excluded coffee, tea, tropical fruits, cocoa, spices, bananas, oranges, tomatoes, beef and certain fertilisers from the April 2 reciprocal tariff regime. For the tariff-exempt products identified in the order, India supplies only $548 million of America’s $50.6 billion import basket—reflecting a narrow export footprint. It noted that while the tariff shift could marginally improve India’s competitiveness in spices and niche horticulture, broader gains are expected to go mainly to major Latin American, African and ASEAN exporters, as per a report.

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