A global trade and a duty war appear in Offs, but currently holding out its cards close to its chest. 2025-26 India has already reduced the import taxes to several items as part of the rationalization of the trade union budget and is waiting to see the impact of this. According to sources, Prime Minister Narendra Modi at the meeting with Prime Minister Narendra Modi, the US President Donald Trump is expected to meet the US President Donald Trump.
Trump is announced that the US aluminum and steel imports increase from 10% to 25%.
This is a decline that imposed in March 2018 as US president as US president. The tariffs from India, which was announced on 3 July, on July 3, July, 23 July 2023 as part of a wide trade proposal published during the visit of Narendra Modi Washington.
A report on the Global Trade Research Program indicates that the return of duty on steel and aluminum can be used as a stimulance of trade negotiations. “Partners in the 2018 duty duty trade trade was widely seen as an aggressive strategy.
However, the Asian economies including India, Thailand and China have a high relative tariff rate for US exports, which appear that high-contradictions are at risk. According to the report, India has a normal maximum average average average average of 9.5% to export India to India.
“We hope that the Asian economies will make their discussion with Trumps, solaries, solar vehicles, solar vehicles and chemicals.
India's total export (or 2.24 of GDP) is nearly 18% of India's largest export surplus. Electricity / industrial Machinery, gems and jewelery, fuel, iron and steel, textiles, vehicles, textiles, textiles, vehicles and chemicals.
However, during the post-budgetary interview, India's duties are highly high for US imports in India. “You will find important products imported from the United States for industrial items, in the United States, in 10% of our tariffs,” he said, “he said.
The effective duty rate in India has fallen to 10.6% and close to Asian level. It was first 13% and later fell to 11.6% of the last budget.
2025-26 The budget tax of the association has been removed, and only eight rates, including zero rate, have a logical rate for several items.