New Delhi, July 24 -- The United States on Thursday (local time) announced fresh tariff slabs of 10 per cent and 12.5 per cent on several countries under Section 301, with India placed in the lower 10 per cent tariff category.

Citing officials, news agency ANI reported that while New Delhi was initially placed under the 12.5 per cent tariff category, it secured the lower rate after productive discussions on labour practices.

This is a developing story. More details awaited.

Published by HT Digital Content Services with permission from MINT....