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12.5% to 10%: Why Trump admin imposed reduced tariff rate on India & what it means
The Donald Trump administration has announced a fresh set of tariffs as its Section 122 duties expire on July 24. The new tariffs, imposed under the Section 301 probe, see India being levied a reduced tariff rate of 10% as against the proposed 12.5% earlier and are effective immediately.
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hindustantimes.com
Donald Trump administration's 10% tariff on most Indian goods expires on July 24: What happens after that?
Possible outcomes: Tariffs could remain the same; rates could change depending on US investigations under Section 301; US could opt for a different instrument.
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supplychaindive.com
US imposes tariffs over forced labor before global duty ends
Imports from 60 trading partners will be subject to either a 10% or 12.5% tariff, effective Friday, the same day Section 122 levies will expire.
