The US has announced fresh tariffs of 10-12.5% on imports from 60 countries under Section 301 of the Trade Act of 1974, citing insufficient action against forced labour. India initially faced 12.5% but got reduced to 10% after tightening forced labour rules. This marks a shift in US trade policy and has implications for global supply chains and India's export competitiveness.
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- ›Tariff Rates: 10% (17 countries), 10-12.5% (5), 12.5% (others)
- ›Countries at 10%: India, UK, Canada, Mexico, Bangladesh, etc.
- ›Target this Data: Tariff rates 10-12.5% on 60 countries, India at 10%
- ›Target this Legal Point: Section 301 of Trade Act of 1974
- ›Target this Nodal Body: US Trade Representative (USTR)
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