Kernel of calm for Goa’s cashew business as Trump hits 90-day pause on higher tariffs | India News
[ad_1] PANAJI: US President Donald Trump's decision to hit pause on his trade war - except with China - has alleviated anxieties in the far corners of North Goa. While Trump's tariff tantrums did not result in any additional duties on Indian cashew nuts, his move to impose higher tariffs on Vietnam, which holds more than 80% market share of cashews in the US, would have seen nuts from Vietnam and African nations flooding India.Owners of cashew nut processing plants said that such an eventuality would have sent prices tumbling in Goa. Vietnam, which has the lion's share as a supplier of cashews - raw and processed - in the US market, was hit with a steep 46% tariff by Trump before the 90-day pause was announced.Vietnam imports raw cashews from West African nations and then exports them to the […]