India Seeks USA To Exempt 26 Percent Additional Tariff On Domestic Goods
Hyderabad, may 21 (Maxim News): India and the US may announce an interim trade agreement before July 8, with New Delhi seeking full exemption from the additional 26 per cent tariff on domestic goods, an official said.
The US on April 2 imposed an additional 26 per cent reciprocal tariff on Indian goods, but suspended it for 90 days till July 9, However, the 10 per cent baseline tariff imposed by America remains in place.
The government official said India’s endeavour to protect its sensitive sectors may entail some quota or minimum import price (MIP). Such sectors include agri goods and dairy. (Maxim News)
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