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US small businesses challenge Section 301 tariffs in court
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Two US small businesses have filed a lawsuit against the US Trade Representative, challenging the use of Section 301 tariffs that impact 99.4% of US imports. The case holds significance for India amid ongoing trade negotiations.
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US small businesses challenge Section 301 tariffs in court
Two US small businesses, Burlap & Barrel and Collective Horology LLC, have filed a lawsuit against the United States Trade Representative, challenging the use of Section 301 tariffs. The lawsuit argues that the tariffs impact 99.4% of all imports into the US, including goods from India. The case assumes significance for India as New Delhi has committed to a US trade deal but has yet to finalize it. The lawsuit follows the imposition of fresh tariffs on 60 countries, including India.
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