Tariff reset with US opens fresh export runway for Gujarat manufacturers

Ahmedabad: A sharp reduction in US tariffs on Indian goods from 50% to 18% under a newly announced trade deal between the US and India is set to alter the outlook for Gujarat’s export-driven manufacturing economy. The agreement restores tariff parity for Indian exporters after months of disruption that hit order flows, margins and capacity utilization across key industrial clusters in the state. The rollback offers immediate relief to sectors such as textiles, chemicals, renewable energy and engineering goods, which together account for a significant share of outbound shipments to the US. The deal came days after India concluded a…