There is a lot of confusion in the market regarding 18% + 10%. Here is the actual breakdown: → The Supreme Court has declared the old 18% tariffs illegal. → Trump has immediately used 'Section 122' to impose a new 10% Global Surcharge. → This is not 18+10=28%; the old 18% has ended and the new 10% has taken its place. For India, the effective tariff has now temporarily decreased from 18% to 10%!
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🚨 TARIFF UPDATE: 18% IS OUT, 10% IS IN! 🇮🇳🇺🇸
There is a lot of confusion in the market regarding 18% + 10%. Here is the actual breakdown:
→ The Supreme Court has declared the old 18% tariffs illegal.
→ Trump has immediately used 'Section 122' to impose a new 10% Global Surcharge.
→ This is not 18+10=28%; the old 18% has ended and the new 10% has taken its place.
For India, the effective tariff has now temporarily decreased from 18% to 10%!