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Donald Trump may no longer be president, but the trade spats he gleefully picked with the rest of the world continue.
The clock is ticking for India and the United States to resolve an ongoing dispute over a digital service tax, and if they don’t, it’s possible though some say unlikely that a wide range of Indian jewelry items will be slapped with a new import duty of as high as 25%.
A virtual hearing on Indian tariffs is set for May 10, with the final determination likely to be made in the coming weeks.
The dispute stems from the determination by the Office of the United States Trade Representative (USTR) that India’s 2% digital service tax, which targets e-tailers like Amazon, is “unfair and discriminatory,” as it affects only non-Indian companies.
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In a statement issued earlier today, United States Trade Representative Katherine Tai announced the Biden-Harris Administration s support for waiving intellectual property protections for COVID-19 vaccines.
As we reported earlier this year, India and South Africa proposed last fall that the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) of the World Trade Organization (WTO) recommend a waiver from the implementation, application and enforcement of Sections 1, 4, 5, and 7 of Part II of the TRIPS Agreement in relation to prevention, containment or treatment of COVID-19 to the General Council of the WTO. The two countries also recommended that [t]he waiver should continue until widespread vaccination is in place globally.
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CREDIT: Sarah Silbiger/Pool via AP
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The Office of the United States Trade Representative (USTR) took China to task in its annual Special 301 Report on the adequacy and effectiveness of U.S. trading partners’ protection and enforcement of intellectual property (IP) rights. USTR said it has been closely monitoring China’s progress in implementing its commitments under the United States-China Economic and…
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