Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
India Is Not a Tariff King, FM Nirmala Sitharaman Asserts
Mint Mumbai
|June 25, 2025
Trump first called India 'tariff king' in 2019 and subsequently this year in February
Finance minister Nirmala Sitharaman on Tuesday rebutted the label of "tariff king" often used by US President Donald Trump for India, and said the country's effective tariff rates are far lower than they appear.
Speaking at the Exim Bank Trade Conclave 2025 in the national capital, the minister said India seeks parliamentary approval for setting tariffs at a certain level, but the effective rates notified are much lower than the ceiling approved. This creates the impression abroad that India's import tariffs are high.
This story is from the June 25, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Chip crunch hits laptops, budget smartphones
Prices of budget smartphones and laptops in India have risen by almost 10% and a further increase may be on the anvil next year.
2 mins
November 22, 2025
Mint Mumbai
Space startup Agnikul raises ₹150 crore
Aerospace startup Agnikul has raised ₹150 crore in a Series C round, two people familiar with the matter told Mint, after its earlier plan to raise up to $50 million failed to draw sufficient investor interest.
1 mins
November 22, 2025
Mint Mumbai
It's a new day for labour
Four consolidated codes advance equal pay for women, gig worker protection, gratuity after a year, health checks
5 mins
November 22, 2025
Mint Mumbai
Global giants press for PLIs on aerospace components
Airbus, Boeing, Pratt & Whitney seek production-linked incentives like the one for drones
3 mins
November 22, 2025
Mint Mumbai
Digital gold stumbles, ETFs sniff opportunity
Fund houses are promoting gold ETFs as secure, regulated, transparent
2 mins
November 22, 2025
Mint Mumbai
When the music played
For all the years it was central to entertainment and information, the television was called \"the idiot box\", and a good vs bad debate continues to swirl around it long after many have cut cable and switched to streaming.
1 mins
November 22, 2025
Mint Mumbai
Gratuity and benefits to soar for millions of employees
The government on Friday implemented four new labour codes, marking the biggest overhaul of workers’ laws in decades.
2 mins
November 22, 2025
Mint Mumbai
Rising stars of mixed-doubles table tennis
Diya Chitale and Manush Shah are the first Indians to qualify for the WTT Finals
4 mins
November 22, 2025
Mint Mumbai
THE AGE OF MT
In the 1990s and 2000s, MTV changed Indian pop forever through innovative programming and VJs who gained their own fandom. When did it stop experimenting?
7 mins
November 22, 2025
Mint Mumbai
Behind strong Q2 show, a shallow recovery
India Inc’s September-quarter print was shaped by small- and mid-cap outperformance, and sector-specific boosts for oil marketing companies, cement and consumption niches rather than a broad-based demand upturn.
3 mins
November 22, 2025
Listen
Translate
Change font size