India bunched with small nations in high US duty rates

Start date of the levies pushed to August 7

- DIPAK MONDAL @New Delhi

WITH the US embarking on a massive 'protectionism' era, India stands to be the biggest collateral damage of this exercise. The newly modified tariffs announced by the US government on Friday placed India among the major economies facing the highest duty rates—25% or more. Other countries in this bracket are mostly smaller or geopolitically isolated nations such as Syria, Laos and Iraq. However, he pushed its start date to August 7, injecting a little more uncertainty.