The United States imposed a fresh round of tariffs on 60 trading partners, replacing the temporary global tariff that had been in place for the past five months. US President Donald Trump has imposed a 10 per cent tariff on imports from India and 16 other nations as part of a global crackdown on goods produced using forced labour. India was bracketed among countries to face a higher 12.5 per cent levy. However, Washington reduced the rate to 10 per cent after taking note of New Delhi’s recent amendment to its Foreign Trade Policy, which explicitly banned the import of products made through forced or compulsory labour.
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