India has formally criticized the United States' approach to proposed tariffs on goods linked to forced labour, arguing that the policy is inconsistent and selectively exempts thousands of items the US economy relies on.
New Delhi highlighted that approximately 1,600 products have been deemed critical to US needs and thus excluded from the duties, a move Indian officials say undermines the stated objectives of the trade measure.
5%. The new framework aims to bypass the Supreme Court's recent invalidation of President Donald Trump's sweeping global tariffs, signaling a continued push for protectionist measures despite legal setbacks.
The Indian government is advocating for bilateral dialogue to resolve the dispute, rather than accepting the unilateral imposition of tariffs.
This stance comes as the White House advances a broader trade strategy targeting imports from 60 economies with duties of up to 12.5%.
The new framework aims to bypass the Supreme Court's recent invalidation of President Donald Trump's sweeping global tariffs, signaling a continued push for protectionist measures despite legal setbacks.
For markets, the escalation in trade rhetoric between two of the world's largest economies introduces fresh uncertainty into global supply chains.