PoliticsFirst Post
India gets 10% US tariff, China faces 12.5%
in5points
India faces a 10% US tariff while China faces 12.5% under a new framework.
The lower rate follows India amending its Foreign Trade Policy on forced-labour restrictions.
New Delhi avoided the higher tariff by aligning with US forced-labour import restrictions.
India and Washington are negotiating an interim trade agreement.
The tariff difference gives Indian exporters a relative advantage over Chinese competitors in the US market.
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Reliance Industries (Mukesh Ambani)
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