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The U.S. has imposed significant tariffs on Indian exports, affecting labor-intensive sectors like shrimp, textiles, and jewellery, leading to production cuts and job losses. Additionally, the U.S. has ended the duty-free import exemption for low-value goods, impacting global e-commerce and raising consumer costs. Meanwhile, India is negotiating a Free Trade Agreement with the Eurasian Economic Union to diversify trade and mitigate the effects of U.S. tariffs.
- Author
- studymail.21j
- Language
- EN