💨 Abstract

The US has temporarily suspended additional tariffs on Indian goods until July 9, 2025, as per White House executive orders. This move was aimed at reducing the US trade deficit and boosting domestic manufacturing. The tariff suspension does not apply to China, Hong Kong, and Macau. The 10% baseline tariff remains in effect, but some categories such as semiconductors, pharmaceuticals, and certain energy products are exempt.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖