https://www.taxtmi.com/news?id=39661 The United States announced an additive reciprocal tariff regime imposing an interim baseline levy followed by higher country-specific duties on imports, exempting pharmaceuticals, semiconductors and specified energy and minerals; the duties apply in addition to existing tariffs, exclude goods in transit, affect sectoral competitiveness across textiles, engineering, gems and jewellery, steel and auto components, and include a mechanism for reduction if trading partners address US concerns, prompting India to analyse impacts and pursue an expedited Bilateral Trade Agreement. en-us Thu, 03 Apr 2025 19:46:05 +0530 Thu, 03 Apr 2025 19:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39661 The United States announced an additive reciprocal tariff regime imposing an interim baseline levy followed by higher country-specific duties on imports, exempting pharmaceuticals, semiconductors and specified energy and minerals; the duties apply in addition to existing tariffs, exclude goods in transit, affect sectoral competitiveness across textiles, engineering, gems and jewellery, steel and auto components, and include a mechanism for reduction if trading partners address US concerns, prompting India to analyse impacts and pursue an expedited Bilateral Trade Agreement. News - Thu, 03 Apr 2025 19:46:05 +0530 https://www.taxtmi.com/news?id=39661