The US suspends additional 26% tariff on India for 90 days after Donald Trump stops reciprocal rates | Mint

The US announced the suspension of additional rates on India for 90 days to July 9 this year, according to the White House executive orders. On April 2, US President Donald Trump slapped universal duties on about 60 countries that exported goods to America and additional steep charges on countries such as India, the US imposed an additional 26 percent import tax on India. The rates were high on its competitors such as Thailand, Vietnam and China. This suspension of rates does not apply to China, including Hong Kong and Macau. “Effective in respect of goods incurred for consumption, or extracted from the warehouse for consumption, at or after 12:01 hour Eastern Daylight Time on April 10, 2025, the maintenance of the second paragraph of section 3 (a) of the Executive order 14257 was suspended until 12:01 hour Eastern Daylight Time on July 9, 2025,” said the order. The second paragraph of section 3 (a) of the executive order issued on April 2 lists the implementation of reciprocal rates. It contains Appendix 1 listing rate of rates for different countries. However, the 10 percent baseline tariff imposed on the fields will still remain in place. “Since I (president) signed the executive order 14257, unlike the actions of the PRC, have more than 75 other foreign trade partners, including countries approached in Appendix I to Executive Order 14257, the United States to address the lack of reciprocity in our economic relationships and our national and economic safety arrangement.” States on economic and national security issues, “said the order of April 9. The US is about 18 percent of total exports of goods in India, 6.22 percent in imports, and 10.73 percent in bilateral trade. The other hand is the share of China about 4 percent in exports and a 15 percent of 15 percent in imports.