Amit Shah in Kolkata to finalise Bengal’s 1st BJP CM

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US proposes 12.5% duty on Indian goods over forced labor concerns

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US proposes 12.5% duty on Indian goods over forced labor concerns

The US Trade Representative proposed an additional 12.5% duty on 54 countries, including India, over alleged failure to restrict imports of goods produced with forced labor. This move, seen as a pressure tactic, comes as India and the US negotiate an interim trade deal.

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India's Union Cabinet recommended an ordinance to ease tax rules for foreign investors in certain securities, aiming to strengthen the rupee amid record FPI withdrawals and economic concerns.

US Proposes 12.5% Tariff on Exports from 54 Countries, Including India and China

The US Trade Representative proposed a 12.5% tariff on exports from 54 countries, including India and China, citing failure to prohibit goods made with forced labor. India is engaged in discussions with the US regarding this and a framework agreement.

US proposes additional tariffs on India under Section 301 probe

The US has proposed additional tariffs of 12.5% on India as part of its Section 301 probe into forced labor practices. Experts warn this could significantly impact Indian exports and complicate ongoing trade deal negotiations.

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