U.S. Commerce Secretary Wilbur Ross said on Monday he planned to discuss India&#...
NEW DELHI - U.S. Commerce Secretary Wilbur Ross said on Monday he planned to discuss India’s new e-commerce rules that could have an impact on operations of firms such as Amazon and Walmart with his Indian counterpart on Monday.
Ross is visiting New Delhi at a time when India and the United States are locked in disputes over tariffs, price caps India has imposed on imported U.S. medical devices and over rules banning companies from selling products via firms in which they have an equity interest. “We are negotiating and we want there to be some breakthrough because India has stakes and they are one of the biggest partners and this is an opportunity to de-escalate tensions,” one of the sources said.
India is the world’s biggest beneficiary of that trade concession, called the Generalised System of Preferences , and its withdrawal would be the strongest punitive action against the country since Trump took office in 2017.
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