Economic Times4d agoBusinessIndia
US Companies Urge Reconsideration of Proposed Tariffs on Imports from India and 60 Other Countries
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- Major US companies like Intel, IBM, and Ford are urging the USTR to reconsider proposed tariffs of up to 12.5% on imports from 60 countries, including India.
- They argue it will increase costs for consumers and businesses, counteracting domestic manufacturing goals.
- India also requested reconsideration, citing insufficient evidence of unfair advantage.
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Major US companies like Intel, IBM, and Ford are urging the USTR to reconsider proposed tariffs of up to 12.5% on imports from 60 countries, including India. They argue it will increase costs for consumers and businesses, counteracting domestic manufacturing goals. India also requested reconsideration, citing insufficient evidence of unfair advantage.
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This article was originally published by Economic Times.