NEW YORK/WASHINGTON: The initial 25 per cent tariffs announced by US President Donald Trump on Indian imports came into effect on Thursday.
Last week, the White House announced that India will face tariffs of 25 per cent after Trump issued an executive order listing the various duties that Washington will impose on exports from countries around the world.
In the Executive Order titled ‘Further Modifying The Reciprocal Tariff Rates’, Trump had announced tariff rates for nearly 70 nations.