The US Tariff on Indian Goods Is 18 Per Cent. Six Months On, the Question Is No Longer the Rate — It Is Which Lines Actually Cleared at Zero

Blitz India Business NEW DELHI: The India–United States interim trade agreement announced on February 2 cut the reciprocal tariff on Indian goods to 18 per cent from 25, and removed the additional 25 per cent duty that had been linked to Indian purchases of Russian crude — taking the peak effective rate of 50 per…