Trump tariff India LIVE Updates: India rates better than Vietnam, Bangladesh & Pakistan
PM Modi and US President Donald Trump. (File)
Trump cuts India tariffs: After US President Donald Trump decided to cut tariffs on India to 18% from 50%, the country faces lower tariffs compared to many of its regional trade competitiors and regional neighbours such as Vietnam, Bangladesh and Pakistan.
US tariffs so far: Trump had levied 25% reciprocal tariffs on India, along with a host of other countries on his so-called Liberation Day. But, he also slapped 25% tariffs on top of that over New Delhi’s purchase of Russian crude oil.
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