2 days ago · With Trump planning to impose 25% tariffs on the US’s two top trade partners, Mexico and Canada, and a 10% tariff already in effect on Chinese goods, experts say India could benefit from these ...

3 days ago · India has high tariffs that lock out imports, U.S. President Donald Trump's top economic adviser Kevin Hassett said on Monday, adding that India's prime minister had a lot to discuss with Trump ...

1 day ago · Since 1990, when India oriented its economy more to world trade and investment, the average tariff rate has fallen, from 125 percent to below 5 percent on most goods imported from the United States.

2 days ago · New Delhi: Ahead of Prime Minister Narendra Modi's US visit, India slashed customs duties on a range of products as Washington ratchets up threats of reciprocal tariffs. In the first round, the new Trump administration imposed tariffs on China, Mexico and Canada. Trump also said he will levy a 25% tariff on metal imports.

Jan 12, 2024 · In 2023-24 Annual Budget, India raised tariffs for private jets, helicopters, plastic goods, jewelry, high gloss paper, and vitamins. The Customs Info Database tariff look-up tool on trade.gov is available to estimate duties and taxes.

Feb 5, 2025 · Under India’s Union Budget 2025-26, announced on February 1, 2025, the central government proposes eliminating seven additional customs tariff rates for industrial goods, following the removal of seven tariffs in 2023-24 (announced in the previous budget speech on July 23, 2024).This reduces the total number of tariff slabs to eight, including a zero rate.

Feb 3, 2025 · Donald Trump has begun a tariff war by imposing whopping duties on Canada, China and Mexico. However, the US president has skipped India for now, despite criticising its tariff structure in the past. Wary of being Trump’s next target, officials in New Delhi are preparing a response plan. Moreover, the Union Budget 2025, cut import duties on certain products that …

Jan 23, 2025 · Explore India’s plans to counter U.S. tariffs, including increasing imports, retaliatory measures, and boosting domestic industries. Learn how these strategies can minimize economic impacts...

The WTO Tariff profiles provide comprehensive information on the tariffs imposed by over 170 economies. The data includes average tariff rates, tariffs by product groups and the tariffs faced in major export markets.

India's retaliatory tariff cuts will restore and expand market opportunities for U.S. agricultural producers and manufacturers. FAS New Delhi estimates that U.S. almond exports to India could reach $1 billion in 2024.