New Delhi, April 4 -- As the US recalibrates its reciprocal tariff policy following a data miscalculation, India will now face an additional 26% tariff across a range of commodities starting 9 April. This marks a slight downward revision from the 27% hike announced on 2 April after the US administration corrected its trade deficit computations. The change, while marginal, comes at a time of growing concern over the potential global fallout of tit-for-tat trade measures.
The 26% additional tariff will apply over and above the current Basic Customs Duty (BCD) rates on various commodities.
The reciprocal tariff move is part of Washington's broader strategy to enforce a baseline 10% tariff on imports from 57 countries, including several key...
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