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Even the US has over 100% tariffs.The outgoing Biden administration has imposed 100% tax on Chineseelectric vehicles.

“India’s average tariff stands at 17%, significantly higher than the US’s 3.3%, but comparable to countries like South Korea (13.4%) and China (7.5%),” an analysis by Global Trade Research Initiative (GTRI) said.While the incoming US President singles out countries for warnings on tariffs, the World Trade Organisation’s (WTO) rules do not allow for country-specific import duties.

earn money through paid online courses ✌️【365vc.net】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!Behind the talk on tariffs the intent of the US will be to seek greatermarketaccess for products of interest to them, director general and chief executive officer of Federation of Indian Export Organisations (FIEO) Ajay Sahai said.

“India has to be ready for negotiations on some products of interest to the US.”The US is not a big exporter of manufactured products to India.

earn money through paid online courses ✌️【365vc.net】✌️Start with ₹500 and achieve up to 100% monthly returns. Simple, safe, and highly profitable.Within manufacturing the largest imports by India are of aircraft parts.

US biggest exports to India arecrude oil, coal, natural gas and diamonds.

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