Industrial Tariffs

India Cuts Industrial Tariffs to 10.66% Amid U.S. Trade Talks as Trump’s Reciprocal Tariff Threat Looms

India has reduced its average industrial tariff to 10.66% amid ongoing trade discussions with the United States and the looming threat of reciprocal tariffs. The announcement was made by the Ministry of Commerce in the Lok Sabha on Tuesday. "As per WTO 2023, India’s simple average tariff rate is 17%....