Our Founding Fathers Rejected
FREE TRADE And So Should We

Chapter Samples Buy the Book

Opening India’s market to U.S. goods

American companies that want to export to India face significant trade barriers (including high import tariffs). According to the most recent data from the World Trade Organization (WTO), the average “bound” tariff rate is about 48 percent (a “bound” rate means the WTO doesn’t normally allow this rate to go any higher). However, many tariff rates are quite a bit higher. Coffee and raisin exporters face a 100 percent tariff. India’s tariffs for alcoholic beverages are even worse at 150 percent. Tariffs on textiles are twice as bad as alcohol at 300 percent. Specific food products and live animals have faced an outright ban since 2006.

Read the article