Overview
- An executive order and a revised Annexure II remove reciprocal tariffs on roughly 200–254 agricultural and processed-food items effective November 13, including coffee, beef, bananas, tea, spices and certain nuts.
- President Trump said the change reflects new recommendations and goods the U.S. does not produce in sufficient quantities, and he acknowledged tariffs may "in some cases" raise consumer prices.
- Indian exporters are set to benefit, with exemptions covering about $1 billion of current shipments and industry estimates suggesting $2.5–$3 billion in potential gains for tea, coffee, spices and cashews, though seafood and basmati rice remain outside the relief.
- The White House cited framework understandings with Ecuador, Guatemala, El Salvador and Argentina, but officials noted that some punitive, country-specific duties remain and final implementation details are still being clarified.
- Trade groups welcomed likely consumer relief after off-year election losses underscored affordability concerns, while a court challenge and ongoing negotiations continue to shape the longer-term tariff regime.