Tag: USTR

  • US business chief reads tariffs against six countries on digital taxes

    US business chief reads tariffs against six countries on digital taxes

    The United States also poses a more advanced tariff threat than France’s $ 1.3 billion in imports of French champagne, cosmetics, handbags and other goods in retaliation for the digital tax.

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    US Trade Representative Katherine Tai said on Friday that she was maintaining the threat of US tariffs on goods from Austria, Britain, India, Italy, Spain and Turkey in retaliation for her digital services taxes.

    In a statement, Tai announced that his office would move forward with the move to impose a possible tariff, which includes filing public notices and collecting public comment, which was originally put forward by the Trump administration for US Internet companies and e-commerce platforms But is part of an investigation initiated into targeted taxes. .

    Taxes target the in-country revenue of digital Facebook platforms such as Facebook, Google and Amazon.com.

    The United States Trade Representative (USTR) announced commitments for the Economic Cooperation and Development Organization (OECD) to pursue a global agreement on digital service taxes, despite renewed commitments from Democratic President Joe Biden.

    Also read USTR abuses India, Italy, Turkey on digital taxes but prohibits tariffs

    Tai also said that the USTR was ending a “Section 301” tariff investigation against Brazil, the Czech Republic, the European Union and Indonesia because these jurisdictions have not adopted or applied digital service taxes that were previously under consideration. If they adopt a digital service tax, the USTR said it could open a new tariff check.

    The move is in the midst of the first negotiation strategy revealed by Tai since he took office last week. Tai said in his confirmation hearing in February that tariffs were a “legitimate tool” for US trade policy.

    “The United States is committed to reaching an international consensus through the OECD process on international tax issues,” Tai said in a statement. “However, until such a consensus is formed, we will retain our options under the section 301 procedure, including the imposition of tariffs, if necessary.”

    Also read Canada plans digital tax on global tech giants like Facebook, Google in 2022

    The Internet Association, which represents major US Internet platforms, praised the move to keep the tariff threat alive against six countries, calling its industry a “great American export” that supports millions of jobs.

    “Today’s move by the USTR is an important confirmation in reverting to these discriminatory trade barriers as the US continues to work to find a viable solution in the OECD,” the trade group said in a statement.

    The United States also poses a more advanced tariff threat than France’s $ 1.3 billion in imports of French champagne, cosmetics, handbags and other goods in retaliation for the digital tax.

    Like the French tax, USTR’s investigation of taxes adopted by Austria, Britain, India, Italy, Spain and Turkey found that they discriminated against US technology companies and were inconsistent with international tax norms.

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  • US trade report challenges in ‘Make in India’ policy

    US trade report challenges in ‘Make in India’ policy

    The US Congress reported that the campaign faces challenges to bilateral trade relations

    The trade agenda of the President of 2021 with India during 2020 and the annual report of 2020 – an annual report submitted to Congress by the US Trade Representative (USTR), states that the US has “long been affecting the exporters of the US market.” I tried to block access. ” The report described India’s policies as “trade-restrictive” and the “Make in India” campaign as a symbol of challenges to trade relations.

    “While India’s large market, economic growth, and development is an essential market for many US exporters, a general and consistent trend of trade-restrictive policies has hampered the potential of bilateral trade relations.” The report says, the recent Indian emphasis on import substitution through the “Make in India” campaign has challenged bilateral trade relations. The Make in India campaign was launched by Prime Minister Modi in 2014 to encourage production in India.

    The report describes the Trump administration’s June 2009 revocation of India’s preferential trading position under the General System of Preference (GSP) program and the upcoming discussion to achieve a mini-trade deal (“package”) by 2020.

    “The US objectives in this dialogue included resolving various non-tariff barriers, targeted reduction of some Indian tariffs and improving other market access. The United States has pursued intellectual property (IP) protection and enforcement on an ongoing basis, policy developments affecting electronic commerce and digital trade, and responding to specific concerns affecting a full range of pressing bilateral trade issues with India, and Influenced market access. For agricultural and non-agricultural goods and services, ”the report states.

    Unresolved

    These issues remain unresolved, except for inconclusive, negotiations until the end of the Trump administration closes.

    In a country-wise section on Digital Service Tax (DST), the Section 301 investigation on India’s DST, which began in June last year, is exposed. According to the report, the investigation is going on.

    India gets a total of 179 mentions in the report, which is more than 300 pages long. Many of the references are in a chapter on trade enforcement activities – describing disputes brought by the US to the World Trade Organization (WTO).

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