In the major tariff reduction, India reduced the obligation of fish -based water solutions to the production of aquatic feed from 15 % to 5 %.
In the case of car sector, India reduced motorcycle tariffs based on the capacity of the engine.
For motorcycles with less than 1,600cc of engine, tariffs have been reduced from 50 % to 40 %, but tariffs have been reduced from 50 % to 30 % for motorcycles exceeding 1,600cc.
“In FY2011, US motorcycles exported $ 3 million, and this tariff reduction could help expand the market access of American manufacturers,” GTRI said. Similarly, the US exporter would be useful if tariffs were reduced by 20 % to 10 % Ethernet switches (career grades) under other categories. According to AJAY SRIVASTAVA, the founder of GTRI, the United States exported to India in India in the last fiscal year.
India also reduced the essence of synthetic fragrances from 100 % to 20 %.
“In the space sector, the tariffs on terrestrial installation of satellites, including spare and consumables, have been reduced to zero, and in 2013 they have benefited to American exporters that have supplied these 92 million dollars.” I mentioned.
However, in the fiscal year of last year, these imports have declined significantly to $ 0.07 million, suggesting that this category has dropped sharply.
In addition, the budget proposes tariff exclusion for specific waste and scrap items, reducing obligations from 5 % to zero.
The United States exported a total of 2.5 billion dollar waste and all kinds of waste to India from 2023 to 2014.
“Trump has long criticized Indian tariff structures, but these latest reductions have shown a change in policies that can support US exports in multiple sector,” said SRIVastava. I am.
From November to November 2024, the United States is the largest trading partner in India, and the US $ 82,520 billion property (export equivalent to $ 29,630 billion, $ 2326 billion, $ 2326 billion) Trial surplus). From 2021 to 24 years, the United States was the largest trade partner in India.
