Indian Sweet Exports Surge After US Tariff Impact
1 report, 1 independent
Updated Tue 00:00
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What happened
Indian sweetmakers from Trichy have reported a 30% increase in exports of sweets and savouries this festive season. Last year, a 50% tariff imposed by the US on sweets caused festive sales volume to fall by a minimum of 70% for these manufacturers. Demand is currently highest among the Indian diaspora in the US, with Texas, New Jersey, and California leading orders.
From indiatimes.com
Why it matters
The recovery in export volume indicates a strong demand from the Indian diaspora despite previous trade barriers. However, producers note that while they have only raised costs by 8%, the price rise of essential commodities like oil and rice flour has increased by about 15%.
From indiatimes.com
Who's involved
- New JerseyState of the United States of America
- PattersonCity in St. Mary Parish, Louisiana, United States
- Egg Harbor TownshipTownship in Atlantic County, New Jersey, United States
- South OrangeVillage in Essex County, New Jersey, United States
- AnchorBrand of dairy products
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The entities involved
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New Jersey
state of the United States of America