US imposes 10% 'forced labour' tariff on India under Section 301 investigation
India, July 24 -- The United States on Thursday imposed a 10% tariff on imports from India and more than a dozen other countries following a months-long investigation into forced labour practices, with New Delhi securing a lower rate than the 12.5% tariff originally proposed under Section 301 of the Trade Act of 1974.
The 10% tariff places India on par with Pakistan, Sri Lanka and Bangladesh, along with several Latin American and Asian economies. In all, Washington imposed tariffs on 60 countries accounting for more than 99% of US imports for failing to prohibit and effectively enforce restrictions on the import of goods made with forced labour. The new tariffs replace the temporary 10% global tariff announced in February, which expired ...
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