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Market Chatter: India to Seek Relief from US for Tariffs that May Arise from Trade Investigations

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India is likely to ask the US for relief from any tariffs resulting from the US trade investigations, according to a Bloomberg report on Tuesday, quoting unnamed officials.

As per the report, the matter is likely to be raised when negotiators from India and the US trade team, led by chief negotiator Brendan Lynch, meet this week to finalize an interim trade deal.

Earlier this year, the US Trade Representative launched investigations under Section 301 of the Trade Act into countries, including India, over issues such as forced labor and excess production capacity. These may attract penalty tariffs if found guilty.

The report said India has denied the allegations and asked the US to end the investigations. It is seeking that the US works out the matter within the framework of ongoing bilateral trade negotiations and not through unilateral means.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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