New Delhi, Aug. 1 -- United States President Donald Trump has signed the fresh executive order imposing revised tariffs for 70 countries, including India and Pakistan in a move that is expected to strain global trade relations further.
Tariffs imposed on India's neighbouring countries are less than India's 25%, except for Myanmar at 40%. The new tariff for Pakistan is 19 %, Afghanistan 15 %, Bangladesh 20 %, Indonesia 19 %, Japan 15%, and Sri Lanka at 20%.
The new tariffs, outlined in a sweeping order signed on Friday (IST), will come into effect from 12:01 a.m. Eastern Daylight Time on August 7.
The executive order states that the revised tariffs are aimed at addressing the national emergency declared earlier under Executive Order 142...
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