United States warns India
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DELHI: Any retaliatory tariff by India in response to the United States’ planned withdrawal of trade privileges will not be “appropriate” under WTO rules, US Commerce Secretary Wilbur Ross warned on Tuesday.
The comments, made to broadcaster CNBC-TV18 during a trip to India’s capital, come as trade ties between the United States and China worsen. The US is India’s second-biggest trade partner after China.
India’s new e-commerce rules could hurt future investments by the US in the South Asian country, Ross said, even as he said he was hopeful that U.S firms would win defence deals from India in future.
Indian officials have raised the prospect of higher import duties on more than 20 US goods if President Donald Trump presses ahead with a plan announced in March to end the Generalised System of Preferences (GSP) for India.
