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As per the notification issued by the Department of Revenue, bourbon whiskey would now attract 50 per cent customs duty on its import.

President Donald Trump unveiled a roadmap for charging reciprocal tariffs on every country that charges duties on US imports. Reciprocal tariffs are charges on imported goods that the US government intends to impose on international trade partners in an amount equal to the current tariffs that other nations have imposed on American goods. It’s Trump’s latest trade salvo directed at America’s friends, as well as foes. Trump’s bottom line is that the move will strengthen economic and national security. Emerging market such as India, Argentina and a large part of Africa and Southeast Asia would be affected adversely the most. n18oc_world n18oc_crux