US Trade Representative slams India's high tariffs, equalisation levy
NEW DELHI: The US Trade Representative in its latest report on Foreign Trade Barriers released on March 31 has underscored major trade barriers to American exports, foreign direct investment and e-commerce. Duties have been increased across two large groups: Labour-intensive products and electronics and communication devices, such as cell phones, televisions, and related parts and components. This comes days after the USTR proposed a retaliatory trade action — of up to 25% tariffs on basmati rice, seafoods and gold — against India for imposing equalisation levy on certain American compan...