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Indian garments may face up to 30% tariff under US reciprocal regime
India is seeking to prevent a proposed US tariff hike on its apparel exports, potentially raising duties to 30 per cent from April 2. The AEPC is urging a ‘zero for zero’ policy to eliminate tariffs mutually. High-level discussions are ongoing, with the US pushing India to lower tariffs on American goods, while India highlights its combined duties that can reach up to 42 per cent.
India is seeking to prevent a proposed US tariff hike on its apparel exports, potentially raising duties to 30 per cent from April 2.
The AEPC is urging a ‘zero for zero’ policy to eliminate tariffs mutually.
High-level discussions are ongoing, with the US pushing India to lower tariffs on American goods, while India highlights its combined duties that can reach up to 42 per cent.
