Topic
fieo
Trade US Section 301 Tariffs Unlikely to Hit India's Exports, Textiles Need Close Watch, Says FIEO Chief
The US announced Section 301 tariffs of 10% and 12.5% on 60 economies on July 24, 2026, with India placed in the lower 10% category. FIEO chief Sahai stated the tariffs are unlikely to impact India's overall exports but noted that textiles need close watch as India was excluded from the textile TRQ exemption granted to some competitors. Products under Section 232 remain unaffected.
Trade Peace in West Asia Expected to Boost Order Book of Indian Exporters: Industry Body FIEO
The Federation of Indian Export Organisations (FIEO) stated that the restoration of peace in West Asia after the US-Iran war is expected to revive Indian exporters' order books and reduce input costs. FIEO President SC Ralhan highlighted the reopening of the Strait of Hormuz and currency stabilization as key benefits, making exports to the EU, US, and West Africa more competitive.