Reciprocal Tariff on India
A 26% discounted reciprocal tariff has been imposed on India by the US. Under this discounted reciprocal tariff system, the US will levy a tariff equal to half the tariff imposed by the respective country on US goods. According to Trump, India levies a 52% tariff on US imports; therefore, a 26% tariff (half of 52%) has been imposed on imports from India.
Countries Facing the Highest Reciprocal Tariffs
Trump imposed the highest reciprocal tariff of 49% on Cambodia. Other countries affected include Laos (48%), Madagascar (47%), Vietnam (46%), Myanmar and Sri Lanka (44%). India’s neighbours, China and Pakistan, face reciprocal tariffs of 34% and 29%, respectively.