By Admin 
India US Trade: America has now imposed 10% tariff (import duty) on goods coming from India. At first glance, this news of loss for Indian companies may seem like a shock, but if you look at the whole picture, India may also get an advantage compared to some countries. Especially on some big countries like China and Vietnam, a higher tariff of 12.5% has been imposed. In such a situation, Indian goods may be slightly cheaper than their counterparts in the American market, due to which India may benefit to some extent. However, not every sector will get its benefit. Let us know about this in detail…
What has changed in the new tariff rules?
- America has continued the 10% tariff imposed on India under the new legal provision.
- Earlier this fee was applicable for some time, but now there is no fixed time limit.
- This duty will be imposed on top of the already imposed normal import duty (MFN Duty).
- That is, if earlier there was a duty of 5% on an item, now a total duty of up to 15% may be imposed on it.
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How will India benefit?
A 10% tariff has been imposed on India, while up to 12.5% tariff has been imposed on countries like China and Vietnam. Due to this, India can get an advantage of about 2.5% compared to both the countries and Indian products can be slightly cheaper in America. In such a situation, American companies can buy more samana from India.
In which sectors the benefits will be limited?
- 10% tariff has also been imposed on Bangladesh, Pakistan and Sri Lanka.
- Therefore, India will not get any additional advantage over these countries in textile, garment and other labeled industries.
Which products will be less affected?
- smart fone
- Many pharmaceuticals
- Petroleum products
- some agricultural products
What could happen next?
Negotiations on trade agreement (BTA) are going on between India and America. If there is an agreement between the two countries, then some tariff rules are expected to change in the future. At present, Indian companies will have to do business keeping in mind the 10% additional fee.
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