The United States announces new Section 301 tariff rates for imports from around 60 economies, placing India in the 10% tariff bracket. Multiple outlets report that the US Trade Representative Jamieson Greer announces the revised tariff slabs on Thursday, ahead of the expiry of a temporary additional 10% duty that had been applied to imports from all countries. Under the update, countries are assigned to either a 10% or a 12.5% rate, with India listed among those receiving the lower 10% level. NDTV and Mint describe the change as part of the Section 301 framework and note that the US is applying different tariff categories across the set of covered countries. Times of India emphasizes the timing, stating that the announcement comes one day before the temporary additional 10% duties expire. Across the reports, the core points are that the US issues a new tariff structure for roughly 60 economies, the rates include 10% and 12.5%, and India is assigned to the 10% category.
US sets new 10% and 12.5% Section 301 tariffs for about 60 countries, India at 10%
Key Points
- The US announces new Section 301 tariff rates for about 60 economies.
- The new tariff slabs are set at 10% and 12.5%.
- India is placed in the lower 10% tariff bracket.
- US Trade Representative Jamieson Greer announces the revised rates on Thursday.
- The announcement is made one day before a temporary additional 10% duty expires.
4 sources
3 months ago
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This summary is generated automatically from the reporting of the outlets listed on this page. Follow their links for the full coverage.
How Outlets Covered This Story
TIM
Times of India
12.5% to 10%: Why Trump admin imposed reduced tariff rate on India & what it means
3 months ago
NDT
MIN
Mint (India)
India placed in 10% bracket as US announces new Section 301 tariff rates on around 60 countries
3 months ago
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