US EditionIndia slashes bourbon whisky tariffs amid intensifying Trump criticism
- India has reduced the customs duty on bourbon whisky from 150% to 50% as part of tariff cuts to improve relations with the U.S. ahead of Prime Minister Narendra Modi's visit.
- The Confederation of Indian Alcoholic Beverage Companies is concerned that the duty cut may harm the Indian spirits and wine industries.
- Anant S. Iyer of CIABC stated that the industry seeks a phased approach to duty reductions over ten years while proposing better international access to markets.
- The U.S. welcomed the tariff cuts, signaling progress in trade relations between India and the United States.
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7 Articles
Trump’s tariff war: Liquor industry protests as India slashes duty on imported bourbon
“The government needs to safeguard the interests of Indian liquor manufacturers when deciding on issues related to customs duty cuts and other concessions under FTAs," the Director General of CIABC said in a statement.
India cuts import duty on bourbon whisky to 100% amid Trump's 'reciprocal' tariff threats
India has reduced tariffs on bourbon whisky from 150 per cent to 100 per cent, a move that comes amid US President Donald Trump’s criticism of "unfair" trade practices. The tariff cut, notified on 13 February, is expected to benefit US-based brands.
Trump Tariff Threat: India Cuts Customs Duty on Bourbon Whiskey to 50 Per Cent
INDIA has slashed import duty on bourbon whiskey to 50 per cent as it warmed up to negotiating a mega trade deal with the US. The reduction in customs duty on bourbon whiskey was notified on February 13 just ahead of prime minister Narendra Modi’s talks with US president Donald Trump. However, there has been no reduction in basic customs duty on import of other liquors. They would continue to attract 100 per cent duty. The US is the primary expo…
India Slashes Import Duty On America’s Bourbon Whiskey From 150% To 100%; Details Inside
On Friday, India slashed the import duties on America’s bourbon whiskey from 150% to 100%. Now just that, India also lowered tariffs on several varieties of wines imported from the USA. America is the primary exporter of bourbon whiskey to India, and reportedly, makes up for one-fourth of all such alcohol imported into New Delhi. Scroll on to know more about this. India Slashes Import Duty On Some Spirits According to the Hindustan Times, India …
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