US tariffs on Indian goods among lowest after trade deal
With the new trade deal with the US in place, India is now among the nations with one of the lowest tariff rates being imposed by the Donald Trump administration compared with other Asian economies such as China, Pakistan, Indonesia, Bangladesh, and Vietnam.
The US tariff on Indian goods comes close to those being levied on America’s closest allies, which include the United Kingdom (10 per cent), the European Union (15 per cent), Switzerland (15 per cent), Japan (15 per cent), and South Korea (15 per cent).