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India is set to sharply lower import duties on premium American automobiles under the interim trade arrangement with the United States, even as it firmly excludes electric vehicles from the scope of concessions. According to an Indian government official cited in a Reuters report, tariffs on high-end US cars will be reduced to 30 per cent from levels that currently go as high as 110 per cent, while duties on Harley-Davidson motorcycles will be eliminated. The announcement comes as New Delhi and Washington move closer to finalising an interim trade framework, released on Friday. The development follows remarks by US…
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