New Delhi/Hyderabad, July 24 -- : The Federation of Indian Export Organisations (FIEO) on Friday said the additional 10 per cent Section 301 tariff imposed by the United States on imports from India would increase the landed cost of Indian products but was unlikely to significantly erode the country's competitiveness in the US market.
In a statement, FIEO President S.C. Ralhan said India had not been singled out under the new US measure and had been placed in the lower 10 per cent tariff category, while China, Vietnam, Thailand, Turkiye, the UAE, Brazil and South Africa, were subjected to a higher 12.5 per cent tariff.
He said the lower tariff reflected the recognition of policy measures taken by the Government of India to strengthen its ...