NEW DELHI - Any retaliatory tariff by India in response to the United States’ planned withdrawal of trade privileges will not be “appropriate” under WTO rules, U.S. Commerce Secretary Wilbur Ross warned on Tuesday.
India’s new e-commerce rules could hurt future investments by the U.S in the South Asian country, Ross said, even as he said he was hopeful that U.S firms would win defense deals from India in future. “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.”
“So the American companies are showing very good will and a very cooperative attitude towards ‘Make in India’ and the other programs,” Ross said, referring to a manufacturing push by Indian Prime Minister Narendra Modi. “We applaud India’s commitment to addressing some of these barriers once the government is re-formed, probably starting in the month of June,” Ross said.
Another fight starting...?
Opening another front on the trade war?
Bro out there looking like a corpse.
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