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The White House on Wednesday has said India’s high tariffs and trade barriers increase costs for US exports, citing disparities in tariff rates between the two countries.
India imposes a 70% tariff on passenger vehicle imports with internal combustion engines, while the US applies a 2.5% tariff, The White House said in a statement, adding that networking switches and routers face a 10-20% tariff in India, whereas the US imposes none.
India levies an 80% tariff on rice in the husk, compared to the US rate of 2.7%, it noted, adding, Apple imports to India are subject to a 50% tariff, while the US allows duty-free entry.
India’s simple average most-favoured-nation tariff rate stands at 17%, compared to 3.3% in the US, the White House said.
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