Top companies, including American giants, have cautioned USTR that its move to impose additional tariff of up to 12.5% on 60 countries, including India, will push up costs for consumers and businesses, with several of them seeking exemptions for specific products.
"The practical effect would be to make it more expensive to build in America than to build elsewhere, which runs directly counter to the administration's goal of expanding domestic manufacturing," Intel said in its submission. IBM, Dow Chemicals Thailand and GE Appliances, which is now a Haier company, also argued against the move.
