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Exports Crisis: EU Tariffs Slash Indian Shipments, Industry Fights for Crucial Carve-Outs!

Economy

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Published on 24th November 2025, 7:51 PM

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Author

Simar Singh | Whalesbook News Team

Overview

Indian engineering goods exports fell 17% year-on-year in October to $9.37 billion. The industry is seeking specific exemptions for stainless steel product exports within ongoing Free Trade Agreement (FTA) talks with the European Union. This follows the EU's proposal of higher tariffs and a reduced duty-free quota, mirroring US trade actions, prompting fears of further decline and job losses.