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India avoids the harshest forced-labor tariff rate from the US
India was moved to a 10.0% tariff band after amending its foreign trade policy on June 14 to ban imports of goods made with forced labor.
India has been spared the worst of the United States forced-labor tariff action, but analysts say negotiations toward a long-delayed US trade deal still have substantial work ahead. The Trump administration’s latest tariff round, unveiled last week, targets 60 economies it accuses of failing to curb imports made with forced labor, according to SCMP Economy.
The report says India had been facing a 12.5% rate as recently as last month, before ending up among 17 economies that were assigned a lower 10.0% tariff. The lower band includes countries such as Canada, Britain, Bangladesh, and Pakistan.
The reprieve followed India amending its foreign trade policy on June 14 to ban imports of goods made with forced labor. SCMP Economy adds that US Trade Representative Jameson Greer cited that change when placing India in the lower tariff band.