The United States announces new Section 301 tariff rates affecting around 60 countries, with India placed in the lower 10% tariff category. According to reports, the United States sets fresh tariff slabs of 10% and 12.5% for participating economies, announced on Thursday local time. Multiple outlets say India is included among the countries covered by the new measures and that its goods fall under the 10% bracket, while other countries face a higher 12.5% rate. The coverage frames the action as part of the US Section 301 trade tariff program and describes the broader scope as targeting dozens of countries rather than a single bilateral measure. The reporting does not provide additional details in the excerpts on the specific product categories affected, timing for implementation, or the total tariff rates’ duration. Overall, the common elements across sources are the updated tariff categories (10% and 12.5%), the application to roughly 60 countries, and India’s placement at 10%.
US sets new Section 301 tariffs; India placed in 10% bracket
The United States announces new Section 301 tariff rates affecting around 60 countries, with India placed in the lower 10% tariff category. According to reports, the United States sets fresh tariff sl...
- The US announces new Section 301 tariff rates on around 60 countries.
- The new tariff slabs are 10% and 12.5%.
- India is placed in the 10% tariff category.
- The announcements are made on Thursday local time.
- The reports describe the action as part of the US Section 301 tariff framework.
The United States has imposed Section 301 tariffs on 60 economies, including India. Here's all you need to know.
4 hours agoThe United States unveiled fresh tariff slabs of 10 and 12.5 per cent on several economies under its Section 301 on Thursday.
4 hours agoThe United States on Thursday (local time) announced fresh tariff slabs of 10 per cent and 12.5 per cent on several countries under Section 301, with India placed in the lower 10 per cent tariff category.
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