The United States announced new tariff rates under Section 301 on Thursday, placing India in the lower 10% tariff category among around 60 countries affected. The fresh tariff slabs include rates of 10% and 12.5%, with India assigned the 10% rate, according to livemint.com.
The US Trade Representative's office implemented these tariff adjustments as part of ongoing trade policy measures. The updated tariffs apply to a range of goods imported from multiple countries, reflecting a recalibration of trade relations. India’s placement in the 10% bracket indicates a relatively lower tariff compared to some other nations included in the announcement, as reported by livemint.com.
This tariff revision comes amid broader US efforts to balance trade deficits and protect domestic industries. Section 301 tariffs have previously targeted countries with perceived unfair trade practices. India’s 10% tariff rate positions it below the 12.5% bracket assigned to other countries, which could influence bilateral trade dynamics and import costs for US businesses sourcing from India.
The new tariff rates took effect on Thursday, July 23, 2026, marking a significant update in US trade policy. The US Trade Representative’s announcement detailed the application of these tariffs to around 60 countries, with India’s classification confirmed in official communications cited by livemint.com.