India challenges US tariff proposal citing flawed USTR report
pre-market1 source ↓written by the desknot a recommendation
- to reconsider
- 12.5% proposed tariff
India has urged the US to reconsider its 12.5% proposed tariff, arguing that trade disputes should be resolved through bilateral negotiations. Joint Secretary Brij Mohan Mishra highlighted inconsistencies in the USTR's report on forced labour, asserting that it fails to meet legal standards under Section 301 of the Trade Act. This stance may impact trade relations and market sentiment.
Not investment advice. For informational purposes only.