VERIFIEDET Policy·8 Jul 2026neutral

American giants warn higher tariffs on India & others may backfire on US' manufacturing

AI Summary

·US companies including Intel, IBM, Dell, Honeywell Aerospace, Ford, GE Appliances and De Beers have urged the USTR to reconsider proposed tariffs.
·The proposed tariffs could be as high as 12.5%.
·The tariffs would affect imports from 60 countries, including India.