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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.

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“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.

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

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