US President Donald Trump announced 25 per cent tariffs and fine on India, which would be applicable from 1 August. Fines on India- Russia is being imposed due to oil and defense exports. Trump put a tariff on India and said that India imposes the most tariffs in the world, but perhaps the US President’s information about the facts is a bit less. The report of the World Trade Organization (WTO) reveals a different truth about the tariff.
According to the WTO report published on the business Today, the United States imposes the most tariffs in the world on the import of certain things, which have dairy, tobacco and food products. The US applies this tariff to other countries in view of the conservation of its domestic business. While India’s simple average tariff is 17%, which is much less than Trump’s charge.
America imposes up to 350 percent tariff
According to the World Trade Organization (WTO) report, the US imposes 350% on tobacco, 200% on dairy and more than 130% on fruits, vegetables and grains. At the same time, India puts 150% tariff on whiskey and wine or 125% on some automobiles. At the same time, Japan imposes 400 percent on rice and Korea some products up to 887%.
Truth came out about import
Some discrepancies have also been revealed in business data. American figures continuously show import from India to India’s export records. In 2024, the US gave information about imports of $ 87.4 billion in Indian imports, while India imported only $ 80.7 billion. That is, the difference of $ 6.7 billion appeared in the figures of both countries. In 2023, a similar difference of $ 8 billion was recorded.
India’s Commerce and Revenue Departments are working to remove these discrepancies. In an Economic Times report, an official said that the global databases depend on India’s reported tariff figures, while American figures are usually taken from the records of the World Trade Organization. In such a situation, two different figures are coming out about imports.
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