India, US industry clash at USTR hearings over subsidies and overcapacity
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The USTR's Section 301 hearings have intensified Indo-US trade tensions, with US industry groups advocating for tariffs on Indian goods due to claims of unfair subsidies and overcapacity. Indian officials countered that their manufacturing growth is market-driven and compliant with trade rules. Key testimonies highlighted concerns over Indian steel and solar industries benefiting from government support, while India defended its practices, emphasizing domestic demand and balanced trade profiles.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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