Crime Today News
The All India Rubber Industries Association has raised concern over the 26 per cent import tariff currently imposed on Indian rubber goods entering the US market.
This puts the industry at a serious disadvantage, especially when compared to Turkey, which faces only a 10 per cent tariff, and Vietnam, which enjoys zero tariff under its trade agreement with the US, said Shashi Singh, President of the All India Rubber Industries Association.
These disparities are likely to result in the US market being increasingly dominated by cheaper imports from Turkey and Vietnam, severely undercutting Indian exporters. “Buyers in the US have already advised us to suspend production temporarily, as they aim to clear existing stock first. There will be fresh demand only once those inventories are exhausted, but by then, the pricing gap could further strain our foothold in this critical market,” he said.
Published on April 8, 2025
📰 Crime Today News is proudly sponsored by DRYFRUIT & CO – A Brand by eFabby Global LLC
Design & Developed by Yes Mom Hosting
