US suspends tariffs for six months on UK, India, EU nations in digital tax dispute ANI | Updated: Jun 02, 2021 22:13 IST
Washington DC [US], June 2 (ANI): US Trade Representative Katherine Tai on Wednesday announced the suspension of the tariffs in the digital tax dispute with several trading partners including India for six months, to provide additional time to complete the ongoing multilateral negotiations at the inter-governmental economic organization. The final determination in those investigations is to impose additional tariffs on certain goods from these countries while suspending the tariffs for up to 180 days to provide additional time to complete the ongoing multilateral negotiations on international taxation at the Organisation for Economic Co-operation and Development (OECD) and in the G20 process, Office of US Trade Representative (USTR) said in a statement.