India to tell America to drop retaliatory tariffs set in motion by equalisation levy
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This comes days after the USTR proposed a retaliatory trade action — of up to 25% tariffs on basmati rice, sea foods and gold — against India for imposing equalisation levy on certain American companies.
New Delhi will likely approach the United States Trade Representative (USTR) with a request to drop the proposed ‘retaliatory’ taxes, or tariffs, applicable to shipments of some Indian products to the US.
This comes days after the USTR proposed a retaliatory trade action — of up to 25% tariffs on basmati rice, sea foods and gold — against India for imposing equalisation levy on certain American companies.