India’s labour-intensive sectors have received a significant boost following the announcement that US tariffs on Indian goods will be reduced from 50% to 18%. The cut to 18 per cent should bring buyers and sellers back to talks and restart shipments. EngineeringPankaj Chadha, chairman EEPC, said the move is a big relief for Indian engineering exporters who were finding it hard to stay price-competitive in the US market. The move supports the goal of crossing $120bn in engineering exports in FY26 in line with EEPC India’s vision. Engineering exports to the US reached $14.68 bn in April–Dec 2025-26.

Source: The Telegraph February 04, 2026 19:40 UTC