Trump Targets 60 Nations With Fresh Tariffs, India Among 17 Economies In 10% Lower Slab
US President Donald Trump announced fresh Section 301 tariffs on 60 economies, ranging from 10% to 12.5%, citing forced labour concerns.
India was placed in the 10% tariff bracket after initially being considered for 12.5%, following discussions with Washington on labour practices.
Seventeen nations, including India, the UK, Canada, Indonesia, Mexico, and Bangladesh, face the lower 10% tariff rate.
Higher tariffs of 12.5% apply to other economies, including the EU, Taiwan, Japan, Korea, and Switzerland for certain products.
The tariffs take effect from Friday and follow a US Supreme Court setback that limited Trump’s use of emergency powers for tariffs.
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