💨 Abstract

The United States has reduced the import duties on India from 27% to 26%, effective from April 9, according to a White House document. The change comes after President Biden announced reciprocal tariffs against various countries, with the chart indicating India had previously charged 52% tariffs, including currency manipulation and trade barriers. Industry experts believe the one-percent reduction will have minimal impact.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖