American spice traders are hoping for tariff exemptions on Indian spices under a potential trade deal to maintain affordable prices for US consumers. The US imports approximately USD 700 million in spices from India annually, with trade volumes projected to grow in the coming years.
“We are optimistic that the government will continue to support the exemption of tariffs on spices. So we hope the two countries will come together and do the best thing they can to ensure the continuation of spice supply to the US,” Donald Pratt, CEO of the American Spice Trade Association (ASTA), told PTI.
