Trump Administration Cuts India Tariff Rate from 12.5% to 10%
US Trade Representative Jamieson Greer announced revised tariff rates on 60 economies on Thursday. The announcement came one day before the expiry of temporary additional 10% duties that had been imposed on imports from all countries. India's tariff rate was reduced from 12.5% to 10% under the revised structure. The move signals a shift in the Trump administration's trade posture toward several major trading partners.
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