Indian exporters welcome US tariff relief but keep diversification plans

US President Donald Trump's decision to waive proposed tariffs of up to 100% on buyers of Russian oil has eased uncertainty for Indian exporters ahead of the crucial Christmas shipping season. However, businesses across textiles, gems and jewellery, and human hair products say they will continue diversifying export markets after last year's tariff turmoil, even as the US remains a key destination for Indian goods. The waiver, signed Friday under the Lindsey O Graham Sanctioning Russia and Iran Act, exempts India and other countries from punitive tariffs. Exporters report US buyers are urging accelerated shipments, with one Tiruppur knitwear firm cutting US exposure from 85% to 40% in 15 months. Industry leaders note demand for Christmas remains strong, with shipments continuing until December 15. The relief follows last year's tariff shocks that prompted a strategic shift toward the UK, EU, and other markets. Despite diversification, the US remains the largest market for Indian textiles, jewellery, and human hair products, with buyers acknowledging American consumers' reliance on Indian goods.