U.S. proposes 12.5% TARIFF ON INDIAN exports, citing 'FORCED LABOUR'
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) office or the ongoing bilateral trade negotiations.
USTR on June 2 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's own trade, and, therefore, "actionable under Section 301(b) of the Trade Act". The 12.5% is proposed to replace the current 10% duty imposed by the US after its Supreme Court ruled the reciprocal tariffs levied by the US last April were illegal. P14...
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