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Customs Duty Cuts Not Due to US Tariff Threats
Hindustan Times
|March 28, 2025
The government's customs duty rationalisation is an ongoing exercise started since 2023, much before the Donald Trump administration's call for retaliatory tariffs, Union finance minister Nirmala Sitharaman said on Thursday, adding that the exercise would continue in the future as it aims to boost domestic manufacturing and ease the price burden on citizens.
The government's customs duty rationalisation is an ongoing exercise started since 2023, much before the Donald Trump administration's call for retaliatory tariff, Union finance minister Nirmala Sitharaman said on Thursday, adding that the exercise would continue in future as it aims to boost domestic manufacturing and ease price burden on citizens.
Rebutting comments of the Opposition members made in Rajya Sabha during a discussion on the Finance Bill 2025 and the Appropriation (No. 3) Bill, 2025 that the government is reducing customs duties and other levies under pressure of President Donald Trump, she said the exercise is consistent "budget after budget" in lines with the government's focus to boost manufacturing and make exports cost competitive.
"I heard quite a few members saying-Oh! the tariff war has started. So, in response to the tariff announcements made by President Trump, here are we doing it.
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