Indian Exporters Halt US Shipments Amid Tariff Uncertainty from Trump-Court Disputes

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Indian Exporters Halt US Shipments Amid Trump Tariff Turmoil

जेम्स एंड ज्वेलरी सेक्टर ने भी कम से कम एक हफ्ते के लिए शिपमेंट रोकने का फैसला किया है।

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Moneycontrol•23-02-2026, 22:39

Indian Exporters Halt US Shipments Amid Trump Tariff Turmoil

•Indian exporters in textiles, gems, jewelry, and seafood sectors have paused shipments to the US due to tariff uncertainty.
•A US court struck down IEEPA tariffs, but Trump immediately signaled new global tariffs under Section 122 of the Trade Act of 1974, with rates fluctuating from 10% to 15%.
•Seafood Exporters Association of India (SEAI) president Gunturu Pawan Kumar confirmed shrimp exporters halted shipments at buyers' request, awaiting official clarification on duties.
•The gems and jewelry sector, a $10 billion export industry, has also paused shipments for a week to understand the evolving trade situation.
•Textile exporters are cautious, noting new tariffs negate competitive advantages from recent trade agreements, leading to widespread 'wait and watch' approach.

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