In its Union Budget 2025-26, India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple, after US President Donald Trump called out New Delhi as a "tremendous tariff maker."
However, according to Finance Minister Nirmala Sitharaman, custom duty rationalisation was introduced to ensure the Indian economy becomes aatmanirbhar (self-reliant), and was not a signal amid Mr Trump's tariff announcements.
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