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New U S Trade Representative Slams India s High Tariffs, Equalization Levy
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New USTR slams India s high tariffs, equalisation levy - INDIA New England News
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NEW DELHI: The US Trade Representative in its latest report on Foreign Trade Barriers released on March 31 has underscored major trade barriers to American exports, foreign direct investment and e-commerce.
Duties have been increased across two large groups: Labour-intensive products and electronics and communication devices, such as cell phones, televisions, and related parts and components.
This comes days after the USTR proposed a retaliatory trade action of up to 25% tariffs on basmati rice, seafoods and gold against India for imposing equalisation levy on certain American companies.
This report has been issued by Joe Biden Administration s newly appointed USTR, Katherine Tai who replaced Ambassador Robert Lighthizer after Donald Trump lost the election last year. It has found India s trade policies discriminatory which creates both tariff and non-tariff-barriers and poses a threat to US trade and imports to India. Trade barriers include government laws, regulations and p
New USTR slams India s high tariffs, equalisation levy
By IANS |
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Will India benefit under new US trade Czar Katherine Tai?.. Image Source: IANS News
New Delhi, April 5 : The US Trade Representative (USTR) in its latest report on Foreign Trade Barriers released on March 31 has highlighted major trade barriers to American exports, FDI and e-commerce.
This report has been issued by Joe Biden Administration s newly appointed USTR, Katherine Tai who replaced Ambassador Robert Lighthizer after Donald Trump lost the election last year. It has found India s trade policies discriminatory which creates both tariff and non tariff-barriers and poses a threat to US trade and imports to India. Trade barriers include government laws, regulations and policies.