Shortly after the US confirmed a total of 50% duties on Indian goods August 27, RK Sivasubramaniam, a garment exporter based in Tamil Nadu’s Tiruppur, received an email from his buyer in New York that they can pay only 10% of the levy.

“The buyer asked me to bear the remaining amount. If I can’t, they want to cancel the order. This is from my major buyer to whom I ship half a million pieces every month,” said Sivasubramaniam, the
{{^usCountry}} {{/usCountry}}
Get Latest News, breaking headlines, and top India News, and today real-time updates from across the nation. Stay informed on politics, government policies, crime, Today Weather, and major developments on Hindustan Times
Get Latest News, breaking headlines, and top India News, and today real-time updates from across the nation. Stay informed on politics, government policies, crime, Today Weather, and major developments on Hindustan Times
Advertisement
{{/htLoading}}{{#usCountry}} {{/usCountry}}