
Trump's New Tariffs Explained: Why India Got Lower 10% Duty While China Faces Higher Rates
#Trump #USTariffs #IndiaUS
The United States has introduced a new tariff regime under Section 301 of the Trade Act, imposing duties of up to 12.5% on imports from 60 trading partners. But India has secured the lower 10% tariff after making key changes to its Foreign Trade Policy and strengthening restrictions on forced-labour imports.
