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‘American e-commerce cos have harmed e-commerce market’: CAIT tells Donald Trump

In a letter to the US President Donald Trump, traders body Confederation of All India Traders (CAIT) said the Indian e-commerce market has been harmed by the "malpractices” and “unethical” policies of American e-commerce companies. American companies habitually violate India's FDI policy through predatory pricing, deep discounting and other practices in both e-commerce and retail "bringing a bad image about USA and it's business ethics", CAIT said. News agency IANS first reported this. The letter, addressed to the US President was sent through the US Ambassador to India, Kenneth Iyan Juster, a day before President Trump’s visit to India.  E-commerce has also become a source for promoting counterfeit and pirated goods, which was acknowledged by the Department of Homeland Security in its recent 54 page report, CAIT noted. CAIT is likely to approach the Supreme Court against Karnataka HC staying an…

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