Search result for 'tariff exemption'

Indian stock markets soared on Tuesday, mirroring a global rally after US President Donald Trump exempted electronics from tariffs. Sensex gained over 1,700 points, Nifty rose over 500 points.

Andhra Pradesh CM Naidu requests US tariff exemption for shrimp exports, warning of economic collapse due to increased duties. Concerns raised about competitiveness and impact on livelihoods.

Indian pharmaceutical stocks soared after the US exempted drugs from reciprocal tariffs. Gland Pharma and Aurobindo Pharma led the rally, gaining over 14% and 9% respectively.

GTRI says essential goods like pharmaceuticals, semiconductors, and energy products are exempt from US tariffs, creating opportunities for India.

Exporters urge the US to exempt India from reciprocal tariffs, arguing it will streamline Indo-US trade. However, experts suggest potential economic and political implications.