U.S. proposes 12.5% tariff on India and other countries, Indian govt says it ‘remains engaged’ with U.S.
The U.S. has proposed a 12.5% tariff on imports from 54 countries, including India, due to concerns over forced labor practices. The Indian government has stated it is actively engaged with the U.S. regarding this issue and the ongoing trade negotiations. The proposed tariffs are not final, and countries have the opportunity to participate in public hearings and submit comments.
- ▪The U.S. Trade Representative has launched an investigation into the importation of goods made with forced labor.
- ▪India is among 54 countries found to have failed to enforce prohibitions on such imports.
- ▪The proposed tariffs could significantly impact India's labor-intensive industries, including textiles and garments.
Opening excerpt (first ~120 words) tap to expand
The U.S. government has proposed to levy a tariff of 12.5% on imports from 54 countries, including India, that it says have “failed to impose and effectively enforce” prohibitions on the import of goods produced using forced labour.In response, the Indian government has said it “remains engaged” with the U.S. government regarding this development as well as the finalisation of an Interim Agreement on trade.The office of the U.S. Trade Representative had, in March this year, launched an investigation under Section 301 of the U.S. Trade Act of 1974 to look into whether its trade partners were taking enough steps to stop the import of goods that are made using forced labour.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
