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India’s rising exports to US could prompt $7 bn EU tariff increase
India’s rising exports to US could prompt $7 bn EU tariff increase
According to one analysis, if India is exempt from duties as high as those recently imposed on the European Union, it might benefit from up to $7 billion in exports to the United States. These benefits would, however, come at a negligible trade cost to the EU, which would only represent 1.3% of its $571 billion in 2024 exports to the US. India might mostly benefit from the pharma
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