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National News

The Times of India

National / The Times of India

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

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.

3 Feb 2026 3:01 am