Steps Taken by GoI after 50% tariff by the USA
After the 50% tariff by USA on Indian goods, the government of India has taken several steps to help ease the exporters’ burden, losses and perils.
Let us view the steps and measures taken by the GoI:
The Government has brought in GST 2.0 with reduced GST rates and kept dollar higher against the Indian Rupee, to make the exporters’ gains better.
Moreover, the Trade Agreement talks with the USA are still ongoing and likely that the tariff will be reduced substantially.