@tipsdeck

🧾 What the recent news is actually about 📌 India-EU Trade Deal Negotiations: Multiple news outlets are reporting that India and the European Union are close to finalizing a Free Trade Agreement (FTA). As part of that deal: Import tariffs on certain European cars currently as high as 70%–110% could be cut down to ~40%. This reduction would apply (initially) to a limited number of imported passenger cars with higher prices (e.g., >€15,000), and might go down further over time. 📌 So the “40%” figure isn’t a general new import duty for all imports in India, it’s a proposed tariff level for specific EU car imports under a trade deal — and that deal hasn’t formally been finalized yet. @base.base.eth

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