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India not tariff king, effective rate far lower, says Sitharaman
The Political and Business Daily
|June 25, 2025
FINANCE Minister Nirmala Sitharaman on Tuesday rejected the allegation that India is a "tariff king" saying that her latest Budget brought down the number of tariff rates to eight and the effective rate is "far lower".
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"For those who still believe in the commentary which was made in the US that India may be the tariff king...I want two things to be remembered. Given our system of things, we seek parliamentary approval for deciding on the tariff rate...the permission to go up to a certain level but effectively you are at a far lower level," she said.
US President Donald Trump has repeatedly accused India of being a very high tariff nation. Trump had called India a "tariff king" and a "big abuser".
Dit verhaal komt uit de June 25, 2025-editie van The Political and Business Daily.
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