US warns India against retaliatory duties |
Any retaliatory tariff by India in response to the United States` planned withdrawal of some trade privileges will not be ``appropriate`` under WTO rules, U.S. Commerce Secretary Wilbur Ross warned. 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 United States is India`s second-biggest trade partner after China. Indian officials have raised the prospect of higher import duties on more than 20 U.S. goods if President Donald Trump presses ahead with a plan announced in March to end the Generalized System of Preferences (GSP) for India. India is the biggest beneficiary of the GSP, which allows preferential duty-free imports of up to $5.6 billion from the South Asian nation. ``Any time a government makes a decision adverse to another one, you will have to anticipate there could be consequences,`` Ross said. ``We don`t believe under the WTO rules that retaliation by India would be appropriate. ``He added that India`s new rules on e-commerce, which bar companies from selling products via firms in which they have an equity interest, and data localisation have been discriminatory for U.S. firms such as Walmart Inc and Mastercard Inc.``
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