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US issues draft notice to enforce 50 per cent tariffs on Indian goods

As per the draft notice, the increased tariffs are intended to enforce the President’s Executive Order 14329 dated August 6, titled ‘Addressing Threats to the United States by the Government of the Russian Federation.’ The order introduces a new rate of duty on goods originating from India

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US President Donald Trump and Indian PM Narendra Modi. PIC/AFP

US President Donald Trump and Indian PM Narendra Modi. PIC/AFP

The US Customs and Border Protection (CBP) has released a draft notice outlining the implementation of additional duties on Indian imports, following President Donald Trump's announcement to hike tariffs on Indian goods to 50 per cent, ANI reported.

As per the draft notice, the increased tariffs are intended to enforce the President’s Executive Order 14329 dated August 6, titled ‘Addressing Threats to the United States by the Government of the Russian Federation.’ The order introduces a new rate of duty on goods originating from India.

Scheduled for official publication on Wednesday, the notice states that the Secretary of Homeland Security has found it necessary to amend the Harmonised Tariff Schedule of the United States (HTSUS) in accordance with the executive order, ANI reported.

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