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US Tariff Dispute Crushes Indian Exporters, Billions in Business at Risk, Shipments Halted
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US Tariff Tussle Stalls Indian Exports: Billions at Stake, Shipments Halted
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News18
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24-02-2026, 06:19
US Tariff Tussle Stalls Indian Exports: Billions at Stake, Shipments Halted
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Indian exporters caught in US tariff 'tussle' between courts and President Trump, impacting billions in business.
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Key sectors like textiles, gems and jewelry, and seafood face stalled shipments due to tariff uncertainty.
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Seafood sector, especially shrimp ($2.4 billion), is heavily impacted; buyers demand refunds for old tariffs.
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US Supreme Court revoked Trump's IEEPA tariffs, but Trump immediately signaled new 10-15% tariffs under 1974 Trade Act.
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Exporters await clarity from US Customs and Border Protection (CBP) before resuming shipments, fearing lost advantages.
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