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Reciprocal tariffs: Customs scrutiny to get more strict everywhere

The exporters using any inputs from China should now be wary of the US Customs

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The US Customs have already started asking for details and value of foreign origin inputs used in making the goods being imported. | Image: Bloomberg

TNC Rajagopalan
After causing a week of chaos across the world, the United States has held in temporary abeyance for 90 days the reciprocal tariffs imposed on imports from most countries. The reciprocal tariffs on goods from China have been raised to 145 per cent, whereas the 10 per cent additional tariff on goods from all other countries that came into effect on April 5 will continue. China has retaliated with 125 per cent tariffs on goods from the US. 
In the coming weeks, many countries, including India, will negotiate with the US for lower tariffs. The dilemma for them is how