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India to tell America to drop retaliatory tariffs set in motion by equalisation levy SECTIONS Share Synopsis 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.

United statesUnited kingdomNew delhiJoe bidenOrganisation for economicUnited states trade representativeAjay rottiEconomic cooperationBase erosionProfit shiftingDigital transactionsPhysical goodsEqualisation levyஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹி