Sunday, April 13, 2025
Today’s News

Following Donald Trump’s Delay of Reciprocal Tariffs, the US Suspends an Extra 26% Duty on India for 90 Days

According to White House executive orders, the United States has announced that it will suspend new tariffs on India for ninety days, until July 9 of this year. On April 2, US President Donald Trump imposed severe charges on nations like India and universal duties on over 60 nations that sell goods to the US.

The United States levied an extra 26% import tax on India. Its rivals, including China, Vietnam, and Thailand, were subject to heavy tariffs. This tariff moratorium does not cover China, Hong Kong, and Macau.

Enforcement of the second paragraph of section 3(a) of Executive Order 14257 is suspended until 12:01 a.m. eastern daylight time on July 9, 2025, with effect from April 10, 2025, on or after 12:01 a.m. eastern daylight time for goods entered for consumption or withdrawn from warehouse for consumption, the order stated.

The application of reciprocal tariffs is mentioned in the second paragraph of Section 3(a) of the executive order that was issued on April 2. It contains the tariff rates for various nations listed in Annex 1. However, the 10% baseline tariff that is now in effect for the nations will not be altered.

Also Read:

At the Abu Dhabi Training Center, Sheikh Hamdan Serves Iftar to National Service Recruits

Shareholders of Air Arabia Authorize a 25% Dividend Payment

INTERVIEW

Press Release

Letest News

Health

Lifestyle

Business

Technology

Sunday, April 13, 2025

Entrepreneur Mirror is a platform with a significant focus on business, technology, startups entrepreneurship, leadership, innovation, content creation, prominent business personalities, and many more across the globe. Further, the company publishes interviews, business content, press releases, articles, etc. 

SUBSCRIBE

Copyright © 2024 Entrepreneur Mirror All Right Reserved