US Tariff Shake-Up Explained: Why Section 301 Replaces Section 122 And What It Means For India
The United States has replaced its temporary tariff regime under Section 122 with a permanent framework under Section 301, maintaining a 10 percent tariff on imports from India. This shift allows the U.S. to impose tariffs for a longer duration, following the expiration of the previous tariff after 150 days. Indian exporters will see no immediate change as the tariff remains the same, but the legal basis for its continuation has strengthened.