Brief by Shorts91 Newsdesk / 04:50am on 19 Sep 2025,Friday Business
Chief Economic Adviser V Anantha Nageswaran expressed optimism that the 25% penal tariff imposed by the United States on certain Indian imports will likely be withdrawn after November 30. Speaking at a Merchants' Chamber of Commerce and Industry event in Kolkata, Nageswaran stated the duties on certain products are expected to be withdrawn after November 30. The CEA noted that both the original reciprocal tariff of 25% plus the penal tariff of 25% were not anticipated, believing geopolitical circumstances may have led to the second 25% tariff. This signals potential easing of trade restrictions amid ongoing India-US negotiations and improving bilateral ties, offering relief to Indian exporters affected by these additional duties. (PC: Finance Veda & Mint)
