India secures 45% export exemption from US tariffs
pre-market1 source ↓written by the desknot a recommendation
- to the US
- 45% of its exports
- imposed under Section
- 10% tariff
- will incur
- 55%
India announced that 45% of its exports to the US will be exempt from the new 10% tariff imposed under Section 301. The remaining 55% will incur the additional duty, although India's tariff rates are lower compared to other nations. Ongoing discussions with the US aim to establish a textile-specific mechanism as part of a potential trade agreement.
Not investment advice. For informational purposes only.