India’s exports to US rebound in November despite 50% tariff

India’s merchandise exports to the US rebounded sharply in November, rising 22.6% to USD 6.98 bn after two consecutive months of decline, driven by supply-chain realignments and pre-holiday inventory restocking by US buyers, Economic Times reports, citing the Global Trade Research Initiative (GTRI). The rebound came even as a 50% US tariff on Indian goods has been in place since 27 August, while imports from the US rose 38.2% to USD 5.25 bn in November, the report added.