April 3, 2025 3:09 PM

US estimate of Indian tariffs inflated, says Bernstein analysis

A leading analysis by brokerage firm Bernstein has raised concerns about the U.S. government's inflated calculation of tariffs imposed by India on American goods. According to the analysis, the 27% tariff rate used by the U.S. includes non-tariff measures like domestic taxes and currency manipulation, which results in an overstated figure. Bernstein pointed out that the U.S. calculation fails to separate actual tariffs from additional costs, such as taxes levied domestically within India. This,...