FinanceFinancial Express
US 10% tariff on India: Commerce Ministry explains how 45% of exports remain exempt
in5points
Nearly 45% of India's exports to the US remain exempt from new 10% Section 301 tariffs.
Exempt products include pharmaceuticals and smartphones.
Commerce Ministry explained the scope of the tariff exemption.
The tariff is part of Washington's trade policy toward India.
The exemption covers a significant portion of bilateral trade value.
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