US redraws tariff architecture: India faces 10% ‘forced labour’ levy

The United States imposed a 10% tariff on Indian goods, effective immediately, as part of a new tariff structure addressing forced labour concerns. This rate is lower than the initially proposed 12.5% and comes after India's Directorate General of Foreign Trade announced a ban on imports produced with forced labour. The new tariff design places India in a less favorable position compared to the European Union and Taiwan, which benefit from exemptions under certain conditions.

Read the source (Indian Express Business)

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