Zero-margin deals, tariff-exempt sectors push exports to US in November
Exports to the US experienced a decrease from May-September due to tariff escalation, but November showed a 22% increase. Exporters' tactics, like clearing backlogs and adjusting product mix, may have offset the impact of tariffs. Exports not subject to tariffs also contributed to the rise. The depreciating rupee has aided, but profitability remains at zero.