India removes cotton import duties

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The Indian government has suspended import duties on cotton until the end of September in response to demands from industry groups. The move to exempt them from the 11% levy is seen as a relief for the textile industry, which is facing a steep 50% tariff on shipments to the US. Also, how much would you pay for a cup of coffee? If you're in the US, you could be about to pay a whole lot more due to tariffs. And prices for obesity-treatment drug in the US are expected to drop as Novo Nordisk halves the price of Ozempic.