https://www.taxtmi.com/news?id=34548 The text describes a unilateral US trade policy shift toward imposing reciprocal tariffs that match import duties levied by each foreign trading partner, applying equivalent tariff rates on imports to mirror partners' charges on US exports. It identifies India as a target due to high applied tariffs in sectors like automobiles and references the prior US withdrawal of preferential access under the Generalized System of Preferences (GSP), framing reciprocal tariffs as a mechanism to address trade barriers and limited market access for US goods. en-us Wed, 19 Feb 2025 15:01:03 +0530 Wed, 19 Feb 2025 15:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34548 The text describes a unilateral US trade policy shift toward imposing reciprocal tariffs that match import duties levied by each foreign trading partner, applying equivalent tariff rates on imports to mirror partners' charges on US exports. It identifies India as a target due to high applied tariffs in sectors like automobiles and references the prior US withdrawal of preferential access under the Generalized System of Preferences (GSP), framing reciprocal tariffs as a mechanism to address trade barriers and limited market access for US goods. News - Wed, 19 Feb 2025 15:01:03 +0530 https://www.taxtmi.com/news?id=34548