City
Epaper

USTR submits annual report on global tariffs to President Trump

By IANS | Updated: April 1, 2025 17:31 IST

Washington, April 1 The office of the United States Trade Representative (USTR) submitted the 2025 National Trade Estimate ...

Open in App

Washington, April 1 The office of the United States Trade Representative (USTR) submitted the 2025 National Trade Estimate (NTE) to President Donald Trump and the Congress on Tuesday.

The NTE is an annual report detailing foreign trade barriers faced by US exporters and the USTR’s efforts to reduce those barriers. The report lists the details of tariffs being imposed by the countries trading with the US.

"No American President in modern history has recognised the wide-ranging and harmful foreign trade barriers American exporters face more than President Trump," said Ambassador Jamieson Greer. "Under his leadership, this administration is working diligently to address these unfair and non-reciprocal practices, helping restore fairness and put hardworking American businesses and workers first in the global market."

The findings of the 2025 NTE underscore President Trump’s America First Trade Policy and the President’s 2025 Trade Policy Agenda, an official statement said.

The report states that "India’s average Most-Favored-Nation (MFN) applied tariff rate was 17.0 per cent in 2023 (latest data available), which was the highest of any major world economy, with an average applied tariff rate of 13.5 per cent for non-agricultural goods and 39.0 per cent for agricultural goods. India maintains high applied tariffs on a wide range of goods, including vegetable oils, apples, corn, and motorcycles (50 per cent); automobiles and flowers (60 per cent); and alcoholic beverages (150 per cent)".

The report does not take into account the latest reductions in Indian tariffs that have been announced for US goods in the Budget 2025-26. The duty on bikes, for instance, has been reduced to 40 per cent while the duty on bourbon whiskey has been cut to 100 per cent from 150 per cent earlier.

"In addition, India maintains very high basic customs duties (in some cases exceeding 20 percent) on drug formulations, including life-saving drugs and finished medicines listed on the World Health Organisation’s list of essential medicines. High tariff rates also present a significant barrier to trade in other agricultural goods and processed foods (e.g., poultry, potatoes, citrus, almonds, pecans, apples, grapes, canned peaches, chocolate, cookies, frozen french fries, and other prepared foods used in fast-food restaurants)," the report states.

The NTE is an annual report due to the President and Congress by March 31 of each year. USTR works closely with other government agencies and US embassies and solicits comments from the public through a Federal Register Notice to prepare the NTE.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

AurangabadOver 20 of 39 drug peddlers face serious charges; MRs, traders caught again

Other SportsAsia Cup: Nissanka, Mishara power Sri Lanka to dominant win over Bangladesh

NationalArmy showcases tactical excellence in ‘Exercise Dibang Shakti’ in Arunachal

MumbaiMumbai Airport: Nepali Man and Bangladeshi Resident Arrested With Fake Indian Passports

NationalJyotiraditya Scindia urges male family members of women in local, panchayat bodies not to interfere in official works

International Realted Stories

InternationalTurkish insults and threats against Israeli Minister Miri Regev

InternationalKarachi man accused of assaulting minor girls since 2016 remanded in police custody for 5 days

International"Tibet is the palm; the 5 fingers are Ladakh, Nepal, Bhutan, Sikkim, & AP ": Tibet's former PM on China's expansionism

International"China wants to control everything. You have no idea what the Chinese system is," warns Lobsang Sangay on India-China thaw

InternationalNepal to hold polls on March 5, says President Ramchandra Paudel