Apr 03, 2025 05:35 PM IST
India on Thursday stated that it’s fastidiously analyzing the implications of the reciprocal tariffs imposed by the Donald Trump administration
India on Thursday stated that it’s fastidiously analyzing the implications of the 27 per cent tariffs imposed by the Donald Trump administration, including it is usually finding out new alternatives which will come up as a result of growth in new US commerce coverage.
“We’re fastidiously analyzing the implications of the assorted measures /bulletins made by the President of the USA. Protecting in view the imaginative and prescient of Viksit Bharat, the Division is engaged with all stakeholders, together with Indian trade and exporters, taking suggestions of their evaluation of the tariffs and assessing the state of affairs,” ANI quoted the ministry of commerce and trade as saying.
“The Division can also be finding out the alternatives which will come up resulting from this new growth within the US commerce coverage,” the ministry added.
“US President issued an Govt Order on Reciprocal Tariffs imposing further ad-valorem duties starting from 10% to 50% on imports from all buying and selling companions,” the ministry stated.
“The baseline obligation of 10% might be efficient from April 05, 2025 and the remaining nation particular further ad-valorem obligation might be efficient from April 09, 2025. The extra obligation on India as per the Annex I of the Govt Order is 27%,” the assertion added.
On Thursday, Trump imposed a 27% tariff on imports from India, barely increased than the 20% levy for the European Union, the 24% for Japan and the 25% for South Korea.
‘PM Modi my pal, however not treating us proper’: Trump
“India, very, very powerful. Very, very powerful. The prime minister simply left, and he’s an excellent pal of mine. However I stated, you’re a pal of mine, however you’re not treating us proper. They cost us 52%,” Trump stated on the information convention within the White Home.
The levies are more likely to ratchet up strain on officers in New Delhi to hash out a commerce pact with Washington.
