New Delhi, Aug. 26 -- US President Donald Trump's additional 25% tariff on Indian goods come into effect on 27 August. However, attention is shifting to an obscure yet consequential element of Trump's trade order - the "transshipment clause". This provision, though technical in nature, could significantly shape how competitive India remains in the American market once the new 50% levies take effect, tomorrow, 27 August.
From 27 August, most Indian exports entering the United States will be subject to a 50% tariff, double the current 25% rate.
The Donald Trump administration has justified the hike as part of "aggressive economic leverage" against New Delhi's continued imports of Russian oil, which Washington DC has labelled a "national s...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.