The U.S. Trade Representative has included India as one of 54 nations that hasn't prohibited the trade of goods produced by forced labor. As a consequence, a new tariff scheme is on the table, suggesting additional charges of 10 to 12.5 percent for products from these countries. Theres potential for a textile adjustment that might ease some import costs.

The U.S. Trade Representative has included India as one of 54 nations that hasn't prohibited the trade of goods produced by forced labor. As a consequence, a new tariff scheme is…

India is among 54 economies that, according to the USTR, have failed to impose and effectively enforce a prohibition on imports made with forced labour. | India News

As India faces a proposed 12.5% US tariff on its imports, trade think tank GTRI has advised the govt to challenge the levy on legal grounds. The investigation stretches the…