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US to Begin $166 Bn Tariff Refunds from May 11; But India May Not Gain Much – Outlook Business


Who Actually Gets Paid

While the US importers are set to receive tariff repayments, Indian exporters are unlikely to see direct benefits, even though nearly $12bn refunds are tied to Indian goods. The payments are meant only for US importers who actually dealt with the tariffs. Out of this $12bn, about $4bn comprises textiles and apparel, followed by engineering goods with a similar share and chemicals contributing about $2bn, while other sectors make up the remainder.





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