Govt, exporters hope USTR goes slow on retaliatory levy

The government and exporters are hoping that the US Trade Representative (USTR) goes slow on the proposed retaliatory tariff on 40 items, including basmati rice, shrimps and several gems and jewellery products, in response to India’s digital service tax (DST).The US has indicated that it may not rush ahead with the move against India, although it has sought public comments. Although the extent of duty collected through a 2% levy will add up to around $55 million annually...
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