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%
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 Jamieso...
- 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.
US Trade Representative Jamieson Greer announced the revised tariffs on 60 economies on Thursday, one day before the expiry of the temporary additional 10% duties that had been imposed on imports from all countries.
1 month agoThe United States has imposed Section 301 tariffs on 60 economies, including India. Here's all you need to know.
1 month agoThe United States unveiled fresh tariff slabs of 10 and 12.5 per cent on several economies under its Section 301 on Thursday.
1 month 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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