Govt analysing impact of 26 pc Trump tariff on India; it's mixed bag, not setback: Official
Govt analysing impact of 26 pc Trump tariff on India; it's mixed bag, not setback: Official
NEW DELHI: (Apr 3) The commerce ministry is analysing the impact of 26 per cent reciprocal tariffs or import duties imposed by the US on India, a senior government official said on Thursday.
According to the official, the universal 10 per cent tariffs will come into effect on all imports into the US from April 5 and the remaining 16 per cent from April 10.
"The ministry is analysing the impact of the announced tariffs," the official said, adding there is a provision that if a country would address the concerns of the US, the Trump administration can consider reducing the duties against that nation.
