India Wins Tariff Relief as US Keeps Pressure on China, Pakistan
India at 18%: How US Tariffs Stack Up for China and Pakistan: The tariff deal between India and the US has brought major relief for India. US tariffs on Indian goods have been cut from nearly 50% to 18%, which is expected to boost exports and improve market sentiment.
However, higher tariffs still apply to some neighboring countries. The US has imposed a 37% tariff on China and a 19% tariff on Pakistan, showing a tougher trade stance, especially toward China.
Some countries enjoy lower tariffs than India. The European Union, Japan, and Switzerland face a 15% tariff, while the UK has the lowest rate at 10%.
Overall, US tariffs vary widely across countries. India faces 18%, China 37%, South Africa 30%, Vietnam and Bangladesh 20%, and Brazil the highest at 50%. These rates are likely to influence global trade and export competitiveness.
ALSO READ: Invest Just ₹3,000 a Month, Know How Long to Reach ₹50 Lakh
