భారతదేశంపై సెక్షన్ 301 ను ప్రయోగించిన ట్రంప్||US Launches Probe On India Under Section 301
The United States on Tuesday started an investigation into taxes on digital services already in effect or being considered in other countries and their impact on American businesses, which could lead to retaliatory trade actions, opening up potentially another front in India’s persisting trade differences with the US.
The Modi government imposed a new tax of 2% in April on digital services rendered in India against payments collected abroad. The levy is restricted to non-resident companies and is expected to chiefly affect American digital services giants Google, Facebook, Apple and Amazon.
Other countries that have already levied this tax or are considering them are Austria, Brazil, the Czech Republic, the European Union, Indonesia, Italy, Spain, Turkey, and the United Kingdom. Most of them are close allies of the United States.
President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies,” said Robert Lighthizer, the US trade representative and America’s top trade negotiator, in a statement announcing the investigation. “We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination.”
The trade investigation has been launched under Section 301 of the Trade Act, 1974, the same provision that was used by the Trump administration to slap an additional 25% tariff on $50 billion worth of imports from China in March-April 2018, triggering a trade war between the world’s two largest economies.
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భారతదేశంపై సెక్షన్ 301 ను ప్రయోగించిన ట్రంప్||US Launches Probe On India Under Section 301 The United States on Tuesday started an investigation into taxes on digital services already in effect or being considered in other countries and their impact on American businesses, which could lead to retaliatory trade actions, opening up potentially another front in India’s persisting trade differences with the US. The Modi government imposed a new tax of 2% in April on digital services rendered in India against payments collected abroad. The levy is restricted to non-resident companies and is expected to chiefly affect American digital services giants Google, Facebook, Apple and Amazon. Other countries that have already levied this tax or are considering them are Austria, Brazil, the Czech Republic, the European Union, Indonesia, Italy, Spain, Turkey, and the United Kingdom. Most of them are close allies of the United States. President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies,” said Robert Lighthizer, the US trade representative and America’s top trade negotiator, in a statement announcing the investigation. “We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination.” The trade investigation has been launched under Section 301 of the Trade Act, 1974, the same provision that was used by the Trump administration to slap an additional 25% tariff on $50 billion worth of imports from China in March-April 2018, triggering a trade war between the world’s two largest economies.