US proposes 12.5% tariff on India, other nations
New Delhi, June 4 -- The US on Wednesday proposed a 12.5% additional tariff on Indian goods, allegedly produced with forced labour, but New Delhi said the matter is still under discussion and could be resolved either through a mechanism involving the US Trade Representative's (USTR's) office or the ongoing bilateral trade negotiations.
The USTR proposed an additional duty of 12.5% on goods imported from 54 countries including India accusing them of using forced labour, terming this "unreasonable" and restrictive of the US' own trade, and, therefore, "actionable under Section 301(b) of the Trade Act".
The 12.5% is proposed to replace the current 10% additional duty imposed by the Trump administration after the US Supreme Court ruled the reci...
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