Trump Slaps 25% Tariff on All Indian Goods; Exports Worth $85 Billion at Risk

The USA has imposed an across-the-board 25% tariff on all Indian-origin goods, effective from August 07 along with penal duties on scores of other countries. The duties range from 10% to 41%. The competitors of India  including Pakistan, Vietnam, Bangladesh and Turkey were levied lower tariffs of 15-20%. The steep duty could hurt nearly half of India’s exports of more than $85 billion to the USA. This measure, part of a new executive order has been issued by United States President, Mr Donald Trump.

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