Current Affairs · International Trade and Economy
With reference to the U.S. tariffs on Indian goods (2025), consider the following statements: I. Tariffs are a type of indirect tax levied on goods imported into a country. II. The WTO allows member nations to impose tariffs but prohibits non-tariff barriers. III. India's textile hub of Tiruppur has been one of the worst affected due to the U.S. tariff hike. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only✓
- 3II and III only
- 4I and II only
Correct answer
I and III only
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