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International
US Lowers India Tariff to 10% Amid New 12.5% Rates on 60 Economies
✍️ Times of India
🗓 24 Jul 2026, 07:05 AM
👁 1
The United States announced a new tariff regime, imposing rates up to 12.5% on imports from 60 countries, while reducing the duty on Indian goods to 10%.
The United States has unveiled a new tariff framework that will affect imports from 60 economies, with duties ranging up to 12.5%. The announcement was made during a press briefing by the U.S. Trade Representative.
Among the affected nations are major trade partners such as China, the European Union, and several Latin American countries. The U.S. has cited concerns over trade imbalances and intellectual property issues as reasons for the new rates.
India’s tariff has been reduced from the previous 12.5% to 10%, a move that the Indian government has welcomed as a potential boost for exporters. The lower duty is expected to make Indian goods more competitive in the U.S. market.
Indian trade officials have expressed cautious optimism, noting that the new tariff schedule could lead to increased bilateral trade, but they also warn that the overall impact will depend on how the U.S. applies the rates to specific product categories.
Among the affected nations are major trade partners such as China, the European Union, and several Latin American countries. The U.S. has cited concerns over trade imbalances and intellectual property issues as reasons for the new rates.
India’s tariff has been reduced from the previous 12.5% to 10%, a move that the Indian government has welcomed as a potential boost for exporters. The lower duty is expected to make Indian goods more competitive in the U.S. market.
Indian trade officials have expressed cautious optimism, noting that the new tariff schedule could lead to increased bilateral trade, but they also warn that the overall impact will depend on how the U.S. applies the rates to specific product categories.