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New York's Indian restaurants lose flavour as tariffs bite

Financial Express Kolkata

|

November 08, 2025

Operators face rising margin pressure as prices of key ingredients go up

- KATE KRADER & ARVELISSE BONILLA RAMOS

INDIAN RESTAURANTS HAVE been on a well-documented tear in New York City, outshining London’s, garnering chef awards and becoming a destination for Wall Street executives. Even butter chicken, a culinary cliche, has become one of the Big Apple’s most notable dishes. The South Asian wave has seemed unstoppable.

But on July 31, US President Donald Trump imposed additional tariffs on India, which went into effect on August 27, doubling the rate on most exports from the country to 50%.

Even as the legality of those tariffs is being debated before the Supreme Court, the impact has been tough on New York’s Indian food community. The price of products that define the cuisine, from spices and rice to pulses and tea, has risen, cutting into tight margins for restaurants as well as retailers. (And it’s a problem not everyone want to discuss because of the highly charged politics around the conversation.)

FLERE HISTORIER FRA Financial Express Kolkata

Financial Express Kolkata

Chomsky, Gates appear in new Epstein estate photos

CONGRESSIONAL DEMOCRATS RELEASED dozens of new images from the estate of the late convicted sex offender Jeffrey Epstein on Thursday, a day before the US Justice Department is required by law to release unclassified ?files from its investigation of the disgraced financier.

time to read

1 min

December 20, 2025

Financial Express Kolkata

Europe agrees to lend 90 bn euros to Ukraine

UKRAINE THANKED THE EU for deciding to provide it with 90 billion euros ($105.46 billion) of support over the next two years-even if the bloc failed to agree on an ambitious plan to finance it using frozen Russian assets.

time to read

1 min

December 20, 2025

Financial Express Kolkata

Funds grapple with paucity of accredited investors

Sebi panel aims to ease investor accreditation process

time to read

2 mins

December 20, 2025

Financial Express Kolkata

Australia plans gun buyback after Bondi massacre

AUSTRALIA WILL LAUNCH a national gun buyback scheme following the mass shooting in Sydney, Prime Minister Anthony Albanese said on Friday, as hundreds of surfers and swimmers paddled out at Bondi Beach to honour victims.

time to read

1 min

December 20, 2025

Financial Express Kolkata

Coca-Cola India profit up 46.3% to ₹615 crore

Revenue rises 7% in FY25

time to read

1 min

December 20, 2025

Financial Express Kolkata

'Expect a couple more REITs to come in by 2026'

While residential markets faced headwinds this year, the office sector recorded 60 million square feet of gross leasing between January and September 2025, the highest for the first nine months of any year.

time to read

2 mins

December 20, 2025

Financial Express Kolkata

Ola Electric shares up 10% on stake sale

Shares surge following one-time monetisation

time to read

1 mins

December 20, 2025

Financial Express Kolkata

China takes India to WTO over tariffs, subsidies

CHINA ON FRIDAY filed a petition with the World Trade Organization (WTO), requesting consultations with India over New Delhi’s tariffs on information and communication technology (ICT) products and solar sector subsidies.

time to read

1 min

December 20, 2025

Financial Express Kolkata

File revised returns if AIS is showing additional income

YOUR QUERIES: INCOME TAX

time to read

2 mins

December 20, 2025

Financial Express Kolkata

Yen weakens across board after BOJ delivers rate hike

CENTRAL BANK SAYS IT WILL KEEP RAISING RATES IF FORECASTS MATERIALISE

time to read

1 min

December 20, 2025

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