US suspends additional 26 pc tariff on India till July 9: White House
New Delhi, Apr 10 (PTI): The US has announced the suspension of additional tariffs on India for 90 days until July 9 this year, according to the White House executive orders.
On April 2, US President Donald Trump slapped universal duties on about 60 countries exporting goods to America and additional steep levies on countries like India, potentially impacting sales of products from shrimp to steel in the world's biggest economy. The move was aimed at cutting its trade deficit and boosting domestic manufacturing.
The US imposed an additional import duty of 26 per cent on India. The tariffs were high on its competitors like Thailand, Vietnam and China.
This suspension of tariffs is not applicable to China, including Hong Kong and Macau.
"Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on April 10, 2025, enforcement of the second paragraph of section 3(a) of Executive Order 14257 is suspended until 12:01 a.m. eastern daylight time on July 9, 2025," the order said.
The second paragraph of Section 3 (a) of the executive order issued on April 2 mentions the implementation of reciprocal tariffs. It includes Annex 1 listing rate of tariffs for different countries.
However, the 10 per cent baseline tariff imposed on the countries will continue to remain in place.
A trade expert said the 25 per cent duty on steel, aluminium (effective from March 12), auto and auto components (from April 3) also continues.
Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said that semiconductors, pharmaceuticals, and certain energy products are under the exemption category.
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Israeli strikes across Gaza overnight kill 103 people, hospitals and medics say
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Deir Al-Balah (Gaza Strip) (AP): Israeli strikes across the Gaza Strip killed at least 103 people overnight and into Sunday, hospitals and medics in the battered enclave said, as Israel intensifies its war in the territory that, after more than 19 months, shows no signs of abating.
More than 48 people were killed in airstrikes in and around the southern city of Khan Younis, some of which hit houses and tents sheltering displaced people, according to Nasser Hospital, which said more than half of the dead were women and children.
In northern Gaza, a strike on a home in the built-up Jabaliya refugee camp killed nine people from a single family, according to the Gaza health ministry's emergency services. Another strike on a family's residence, also in Jabaliya, killed 10, including seven children and a woman, according to the civil defence, which operates under the Hamas-run government.
The Israeli military had no immediate comment on the overnight strikes.
The bloodshed comes as Israel ramps up its war in Gaza with a new offensive named “Gideon's Chariots,” in which Israel says it plans to seize territory, displace hundreds of thousands of Palestinians to Gaza's south and take greater control over the distribution of aid.
