US cuts additional Section 301 tariff on India to 10%; 45% of exports remain exempt, says Commerce Ministry
New Delhi, July 25 -- The United States has reduced the additional tariff on Indian imports under its Section 301 forced labour measures to 10 per cent from the 12.5 per cent proposed earlier, with nearly 45 per cent of India's exports to the US remaining outside the scope of the new duty, according to the Ministry of Commerce and Industry.
In a statement issued on Saturday, the ministry said the final measures were announced by the Office of the United States Trade Representative (USTR) on July 23 following its investigation into the acts, policies and practices of 60 economies, including India, relating to the prohibition of imports produced with forced labour.
The ministry said, "USTR has imposed an additional 10% ad valorem duty on ...
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