Under the Trump administration, US-India tensions have elevated over all sides’s tariff insurance policies, a Congressional report has stated, noting that the 2 sides have additionally held concerted negotiations to handle these commerce frictions.
The bipartisan Congressional Research Service (CRS), in its newest report, identified that India’s current tariff hikes on cell telephones and different telecommunication items went up from zero per cent to 15-20 per cent in the previous few years.
“Under the Trump administration, bilateral tensions increased over each side’s tariff policies. In general, India has relatively high average tariff rates, especially in agriculture. It can raise its applied rates to bound rates without violating its commitments under the WTO (World Trade Organization), causing uncertainty for US exporters,” stated the CRS report.
The US and a number of other different nations have requested to affix numerous WTO dispute consultations towards India, associated to its know-how tariffs, additionally questioning its compliance with WTO Information Technology Agreement.
After India misplaced its eligibility for the US Trade Preference Program, India imposed larger tariffs of 10 per cent to 25 per cent, affecting about $1.32 billion of US exports, the report said. PTI
