logo
 
Differential tariffs by the US on 60 countries under Section 301 of US Trade Act for forced labour are likely to face legal challenges, find experts. 

Earlier, reciprocal tariffs and punitive tariffs imposed by the US administration also were struck down by the US judiciary. 

The tariff has been imposed on the imports from 60 economies, of which 17



economies, including India, Canada, the United Kingdom, Bangladesh and Pakistan, will face a 10% tariff, while the remaining 43 economies will be subject to a 12.5% tariff.

India, which has not signed a trade deal yet, will pay the normal US MFN tariff plus the full 10% Section 301 duty, while EU exports pay only enough Section 301 duty to bring the total tariff to 10%.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh
etemaad live tv watch now

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

How do you feel about rising prices today?

Very concerned
Not too affected
No impact