Business
Archived — This article has been archived. The information may be outdated.
US extends ten percent baseline tariff on Indian goods
The Telegraph··25 Jul
The United States extended a 10 percent baseline tariff on imports from India and nearly 60 other partners effective July 25, replacing lapsed Section 122 levies after a February Supreme Court ruling struck down reciprocal duties. Trade experts said the forced labour linked action lacks credible factual basis for India. MEA said bilateral trade talks continue toward an early deal.
Prism
What It Means For You
- Export facing businesses may see higher US landing costs on goods.
- Textile and apparel orders could shift to rival sourcing countries.
- Trade deal progress may determine whether tariffs are rolled back.
What's Happening
- US extended 10 percent baseline tariffs on India from July 25.
- The move followed a February Supreme Court ruling on reciprocal duties.
- India said bilateral trade agreement talks are continuing.
Tariff Enforcement Rationale
- Experts said the forced labour probe lacks credible evidence on India.
- India banned imports of forced labour goods in its trade policy.
- Textile makers noted exclusion from US tariff rate quota benefits.
all-news
