Last Updated:

10% US Tariff On Indian Products: Another big update has come after the US Supreme Court declared Donald Trump’s tariff illegal. Donald Trump administration has said that under a new rule, 10 percent tariff will be imposed on all the countries of the world. Now India has also come under the ambit of this 10 percent tariff.

Exclusive: American tariff rate on India reduced from 18 to 10%, big relief to IndiaZoom

American officials have said that now the new tariff rate i.e. 10 percent tariff will be imposed on India also.

10% US Tariff On Indian Products: The US Supreme Court has declared the tariffs imposed by President Donald Trump against all the countries of the world as illegal. After this, India has also got a big relief. After the cancellation of this tariff, President Donald Trump announced a 10 percent tariff on all countries under another rule. In such a situation, the question was arising whether the products of countries like India, which have agreed on a trade deal with America, will get a place in this new tariff or not. But, after some time, the US administration clarified that now a uniform 10 percent tariff will be imposed on all the countries that have made a trade deal or have agreed to it. Earlier, under the trade deal, America had said to impose 18 percent tariff on Indian products.

White House officials clarified to our partner business news TV channel ‘CNBC’ that Tariff rate on India reduced from 18 to 10 percent Has occurred. This explains Trump’s new 10 percent global tariff. CNBC correspondent Eamon Javers has given details on 10 percent tariff of all trade deal countries including India.

Vietnam benefits the most

Under the trade deal, America had imposed 15 percent tariff on EU, 15 percent on Japan, 10 percent on Britain and 18 percent on India. There was talk of 15 percent tariff on Switzerland, 15 percent on South Korea and 20 percent on Vietnam. America has made a trade deal with all these countries or unions or a deal has been agreed upon. but now Donald Trump’s new orders after the US Supreme Court’s decision There has been talk of 10 percent tariff on all countries. In such a situation, Vietnam is going to get the most benefit from this order, which had to pay 20 percent tariff. Tariff against Indian products has come down from 18 to 10 percent.

turmoil in america

However, earlier during his comment on the Supreme Court’s decision, Donald Trump had said that there is a trade deal with India and 18 percent tariff will continue to be imposed on its products. But, officials have clarified that the new order with 10 percent tariff will apply to all countries. This also includes those countries with which we have trade deals. There is a stir in America after Donald Trump’s decision to impose tariffs was declared illegal. This decision of the Supreme Court has created turmoil in the business space of the entire world. Throughout the night, reactions kept coming from America regarding the Supreme Court’s decision from the Donald Trump administration.

About the Author

authoring

Santosh Kumar

Working as Associate Editor in News18 Hindi. Nearly two decades of experience in media. Got a chance to work in many other institutions including Dainik Bhaskar, Dainik Jagran, IANS, BBC, Amar Ujala, Zee Group. Makhanlal Universe…read more



Source link