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India Escapes Steeper US Tariff, Lands at 10% Under Forced-Labour Tariff

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India has escaped a steeper US tariff of 12.5% and has landed at 10% under the forced-labour tariff. The decision was made by the US government.

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India Escapes Steeper US Tariff, Lands at 10% Under Forced-Labour Tariff

India has escaped a steeper US tariff of 12.5% and has landed at 10% under the forced-labour tariff. The decision was made by the US government. The move is seen as a relief for India's exports to the US. The US government has stated that the decision was made after a thorough review of India's compliance with the forced-labour laws. India has welcomed the decision and has stated that it will continue to work with the US government to strengthen trade ties.

Hindustan Times

US Imposes 10% Tariff on Indian Goods Over Forced Labour Concerns

The US has imposed a 10% tariff on Indian goods, citing concerns over forced labour practices in the country. The move is a response to the US Supreme Court's ruling on tariffs, which has led to a re-evaluation of trade deals with India. The tariff is expected to impact Indian exports to the US, particularly in the textiles and apparel sectors. The Indian government has expressed disappointment over the move, stating that it will take necessary steps to address the concerns raised by the US. The tariff is a temporary measure, and the US has indicated that it will review the situation in the coming months.

Business Standard

US Imposes 10% Tariffs on India Over Forced Labour Concerns

The US has imposed 10% tariffs on goods from India and 17 other countries, including Pakistan, Bangladesh, and the UK, over concerns about forced labour. The tariffs, which are lower than the initially proposed 12.5%, are set to replace the temporary 10% duty that was due to expire on Friday. The move comes as the US Supreme Court struck down earlier levies, prompting the introduction of stopgap tariffs. The new tariffs will affect countries that have not imposed domestic bans on forced-labour imports, including China, the UK, and Japan, which will face a steeper 12.5% duty. The US Trade Act's Section 301 investigation led to the imposition of these tariffs. The new order is set to take effect immediately, replacing the temporary duty that was due to lapse on Friday.

Economic TimesZee News

As temporary tariffs expire, U.S. imposes 10% ‘forced labour’ tariffs on India

As temporary tariffs expire, U.S. imposes 10% ‘forced labour’ tariffs on India Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News. Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.

The Hindu

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