INDIA E-COMM EXPORTS TOP $20 BN DESPITE US TARIFFS: AMAZON

Amazon on Monday said it has helped Indian sellers surpass $20 billion in total exports, including nearly $7 billion this year, as small operators work to offset the impact of new US import tariffs that were imposed in August.

- Reuters

The company said it remained confident in its long-term growth and set a new target of reaching $80 billion in exports by 2030, driven by rising global demand for cosmetics, toys, furniture and apparel.

Thousands of Indian artisans and small businesses were affected after the US doubled tariffs on certain goods to 50% starting on August 27.

The tariffs were a response to India’s purchases of Russian oil.