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Over 80% of US goods exported to India attract less than 20% tariff

December 24, 2024
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Over 80% of US goods exported to India attract less than 20% tariff

New Delhi - The United States’ push to get India to reduce import duties may not yield much for the country, as less than 4 percent of the products from the North American country attract tariffs of over 30 percent, according to a market analysis.

US Ambassador to India Eric Garcetti called for tariffs to be lowered on December 20. Speaking at the US India Business Council event, Garcetti noted the need to make trade “fair and equal” by reducing tariffs.

Garcetti’s statements follow those of President-elect Donald Trump, who last week . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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