New Delhi, June 25 -- Union finance minister Nirmala Sitharaman on Tuesday refuted United States president Donald Trump's charge that India is the "tariff king" in imposing high duties on American goods, contending that effective levies in India are far lower than the notified rates. Continuing reforms to encourage domestic value-addition, India on February 1 announced removing seven tariff rates on industrial goods in the FY26 budget, leaving only eight rates in place that include the zero duty, she said at the Trade Conclave 2025 organised by the Exim Bank in New Delhi. Referring to the Union budget 2025-26, she said it rationalised customs tariff structure for industrial goods and removed seven tariff rates. Without any specific referenc...