US Imposes New 10-12.5% Section 301 Tariffs on India and Other Nations

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The United States announced new tariff rates of 10% and 12.5% on multiple economies, including India, on Thursday. The tariffs were introduced under Section 301 of US trade law, which allows the government to respond to foreign trade practices deemed unfair. The move marks a fresh escalation in US trade policy affecting several countries simultaneously. The announcement signals continued use of trade measures by the Trump administration to reshape international commerce.

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