World Trade Center Mumbai Hails U.S. Tariff Refund Move; Sees Major Relief for Indian Exporters

POSTED BY : MRUNALI SAKPAL DT. 23/04/2026 📞  8850212023

MUMBAI : RMI.COM(M)  : The World Trade Center Mumbai hails the recent development in the United States enabling the refund of tariffs through a structured claims mechanism, describing it as a major relief for global trade and particularly for Indian exporters.

Commenting on the development, Dr. Vijay Kalantri, Chairman, World Trade Center Mumbai and President, All India Association of Industries (AIAI), said, “We hail the decision to refund tariffs, which will provide significant relief to both global and Indian exporters. As exports continue to grow and the United States remains one of India’s largest trading partners, this step will help restore the working capital of MSMEs across the country.”

“This brings a much-needed sigh of relief for exporters, trade, and businesses, supporting further advancement of global commerce, while we also hope that the benefits of these refunds are effectively passed on to exporters and not retained solely at the importer level in the U.S. The refund process, covering trade flows of over USD 160 billion and involving approximately 3,30,000 U.S. importers, is expected to ease financial strain across supply chains and improve liquidity within the export ecosystem, sending a strong signal that economic decisions must remain distinct from political considerations.” Said Dr. Kalantri

“The move will particularly benefit MSMEs, which are often impacted by tariff-related cost burdens and delayed recoveries in international trade, while also strengthening confidence in global trade systems and encouraging fair, transparent, and rules-based practices” added Dr. Kalantri.

This move will pave the way for a more open and free global economy, enabling smoother movement of goods and services and contributing to the long-term growth of international trade, reinforcing confidence in a fair and rules-based global trading system.