 "Industry players have adopted a ‘wait-and-watch' mode")
There will be relief for some Indian exporters dealing exclusively with the American market because of Washington’s decision to temporarily pause reciprocal tariffs for most countries.
On April 2, the United States (US) had announced imposing country-specific reciprocal tariffs, which were to come into force on April 9. With the decision to levy a 26 per cent reciprocal tariff on Indian imports, most American buyers had put orders on hold, forcing exporters to nearly stall production in some cases.
Owing to the sharp rise in the tariff, buyers were seeking deep discounts.
On Wednesday, escalating the US-China trade war, American
