Trump tariff on India back to 26% from 27% in revised White House document
A White House document on Friday showed that the Trump government’s reciprocal tariffs have been revised for at least 14 countries, including India.
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A White House document on Friday showed that the Trump government’s reciprocal tariffs have been revised for at least 14 countries, including India.
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.
United States President Donald Trump on Wednesday announced a sweeping set of reciprocal tariffs, imposing a baseline 10 per cent tax on all imports and significantly higher rates on dozens of countries with which the US runs trade deficits.
India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters.