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The United States has revised downwards the import duties imposed on India, reducing them from 27  per cent to 26 per cent, according to a White House document. These new tariffs will come into effect from April 9. While announcing the reciprocal tariffs on Wednesday, President Donald Trump presented a chart displaying the tariff rates that countries such as India, China, the UK, and the European Union will now have to pay. According to the chart, India previously imposed a 52 per cent tariff (factoring in currency manipulation and trade...

The United States has revised downwards the import duties to be imposed on India from 27 per cent to 26 per cent, according to a White House document. These duties will come into force from April 9. While announcing the reciprocal tariffs against different countries on Wednesday, he held up a chart that showed the tariffs that countries such as India, China, the UK, and the European Union will now have to pay. The chart indicated that India charged 52 per cent tariffs, including currency manipulation and trade barriers, and...