India Placed in Lower 10% US Tariff Bracket

India Placed in Lower 10% US Tariff Bracket

The US has placed India in the lower 10% tariff bracket under its Section 301 measures on alleged forced labour concerns. India has reaffirmed its commitment to working with Washington for the early conclusion of the bilateral trade agreement. The United States Trade Representative (USTR) on July 23 announced the final measures under Section 301 of the US Trade Act. The move is seen as a positive development for India, which has been seeking to strengthen its trade ties with the US. The government has stated that it will continue to work with the US to resolve the issues related to forced labour concerns. The US has imposed tariffs on several countries, including India, under its Section 301 measures. However, India has been exempted from the higher tariffs due to its commitment to working with the US on the bilateral trade agreement.