Govt analysing impact of 27% Trump tariff on India; it’s mixed bag, not setback: Official

Govt analysing impact of 27% Trump tariff on India; it’s mixed bag, not setback: Official

The US’ reciprocal tariffs are a mixed bag for India and not a setback, an official said Thursday, adding that the commerce and industry is analysing the impact of the 27% tariffs announced for the country.

US president Donald Trump announced sweeping tariffs on 50-odd countries as per which a universal 10% baseline tariff would apply to all imports from April 5 and country-specific reciprocal tariffs replace the baseline tariffs from April 9.

Read more at: The Economic Times

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