India removes cotton import duties

印度取消棉花进口关税

World Business Report

2025-08-19

26 分钟
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The Indian government has suspended import duties on cotton until the end of September in response to demands from industry groups. The move to exempt them from the 11% levy is seen as a relief for the textile industry, which is facing a steep 50% tariff on shipments to the US. Also, how much would you pay for a cup of coffee? If you're in the US, you could be about to pay a whole lot more due to tariffs. And prices for obesity-treatment drug in the US are expected to drop as Novo Nordisk halves the price of Ozempic.
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  • And this is Andrew Peach with World Business Report.

  • Good to have you with us today.

  • India has suspended import duties on cotton.

  • But how much is that going to help?

  • If the Indian farmer community is going to suffer,

  • end of the day, the entire economy is going to suffer.

  • So it's a short-term benefit that we might be getting.

  • And yes, you're right, it is my industry which has been pressuring the government to do this.

  • The American importers ground down by tariffs on coffee.

  • If we have to shrink, we'll shrink.

  • And if we have to shrink to the point where we go out of business,

  • there's nothing I can do about it.

  • And the British government backs down in a battle.

  • India exports about $10 billion worth of textiles to the US each year.

  • We'll go live now to a market in central Delhi where we find my colleague Davina Gupta.

  • explain this why have they done it well andrew i think the answer is here in this market itself

  • because it's a bustling market it's 8 p.m in the night and there are lots of vendors who are still selling bed sheets and clothes and skirts and shirts,

  • and all of them are made in small cities in India.

  • And they are cotton, made from cotton, and cotton is an important ingredient.

  • But it has been, India has been producing cotton.