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US Small Businesses Challenge Section 301 Tariffs
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Two US small businesses have filed a case against the US Trade Representative for imposing tariffs on 60 countries, including a 10% duty on India, citing the impact on '99.4% of all imports into the United States'.
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US Small Businesses Challenge Section 301 Tariffs
In a significant development, two US small businesses - Burlap & Barrel, a spice importer, and Collective Horology LLC, a watch retailer - have filed a case against the United States Trade Representative (USTR) for the use of Section 301 to impose tariffs impacting '99.4% of all imports into the United States'. The case assumes particular significance for India, as New Delhi has committed to a US trade deal but has yet to sign it. The US has imposed fresh tariffs on 60 countries, including a 10% duty on India. The small businesses have argued that the tariffs will have a devastating impact on their businesses. The case is likely to have far-reaching implications for the US trade policy.
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