“For India, the change is a serious aid,” Ajay Srivastva of GTRI mentioned in a be aware, including that decrease tariffs might make India an economical various for US consumers in furnishings and cabinetry, probably boosting Indian exports in FY2026.
President Trump, on September 29, 2025, issued a Part 232 Proclamation imposing new tariffs on softwood lumber (HS 4407), upholstered furnishings (HS 9401), and kitchen cupboards and vanities (HS 9403).
Part 232 tariffs prevail over country-specific tariffs. For instance, when tariffs on India had been 25 per cent previous to the penalty of 25 per cent tariff as a result of shopping for of Russian oil, India and others had been nonetheless paying a 50 per cent tariff on the export of Metal to the US.
The brand new tariffs on wooden merchandise and furnishings vary from 10 per cent to 25 per cent, changing the present 50 per cent duties India faces.
The UK will probably be capped at 10 per cent, whereas the EU and Japan will face a mixed fee not exceeding 15 per cent, reflecting their commerce offers GTRI added that the discount will considerably give respite as India's exports of affected merchandise totalled USD 654.8 million in FY2025, together with USD 568.3 million in kitchen cupboards, USD 83.3 million in upholstered furnishings, and USD 3.2 million in softwood lumber.India's softwood lumber exports price USD 3.2 million will now face a lowered tariff of 10 per cent, down from 50 per cent. Upholstered furnishings, with exports of USD 83.3 million, and kitchen cupboards and vanities, the biggest section at USD 568.3 million, will each see tariffs lowered from 50 per cent to 25 per cent, enhancing India's competitiveness within the US market. (ANI)
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