US-based customers are asking
Indian manufacturers to bear at least one-third to half the cost of the
baseline tariff imposed on all the countries except China, a report said on
April 15. This development comes after exporters reported resumption of trade for
the existing orders, although the fate of new orders remain in doubt, according
to the report.
US
President Donald Trump, last week, had announced a 90-day break from tariffs
for all the countries except on China, which will continue to have duty of 145
percent. However, all the countries will still have to face a baseline tariff
of 10 percent apart from specific levies such as on steel and auto sector. Experts say most of the buyers in the US
are seeking to split the tariff cost equally with the sellers.