How will Trump's reciprocal tariffs impact Indian exports?
How will Trump's reciprocal tariffs impact Indian exports?
April 3 (Reuters) - India was slapped with a reciprocal tax by the United States on Wednesday, as President Donald Trump raised trade barriers on all goods entering America.
Below are some of the key points:
A flat 26% tariff was imposed on all goods being exported by India to the United States, amidst reciprocal tariffs in the range of 10%-49% unveiled by Trump for other countries.
The United States imposes a 2.5% tariff on passenger vehicle imports, while India imposes 70%, the White House said in a statement. Apples are allowed to enter U.S. duty free, but India imposes 50% duty on U.S.
