Customs cuts in certain areas to benefit US exports: GTRI

FOR MOTORCYCLES BELOW 1,600CC, THE TARIFF HAS BEEN CUT TO 40% FROM 50% AND FOR ABOVE 1,600CC, IT HAS BEEN CUT TO 30% FROM 50%

- Press Trust of India

NEW DELHI: The customs duty reduction announced in the Budget on products such as motorcycles and synthetic flavouring essences would benefit American exports, economic think tank GTRI said on Sunday.

The Global Trade Research Initiative (GTRI) said that despite the repeated criticism of India as the biggest tariff abuser and tariff king by the Trump administration, the country's Budget has introduced significant tariff reductions on multiple products, many of which benefit the US exports.