India has proposed imposing import duties on certain US-made products in response to Washington’s tariffs on steel and aluminum imports.read moreIndia has proposed to levy import duties on some products made in the United States to counter Washington’s tariffs on steel and aluminium products produced in Asia’s No.3 economy, a notice to the World Trade Organization (WTO) shows.“The proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the United States,” India said in the notice dated Monday.U.S. President Donald Trump has unleashed sweeping global tariffs since taking office earlier this year, including imposing levies on steel and aluminium imports, following similar measures in 2018 during his first term.STORY CONTINUES BELOW THIS ADIndia, the world’s second-largest crude steel producer, told the WTO that Washington’s “safeguard measures” would affect $7.6 billion worth of India-made products imported into the United States.More from India
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‘Difficult but useful’: Iran, US conclude 4th round of nuclear talks in OmanIndia’s proposed duties on U.S. products comes as the two countries are set to clinch a trade deal, with New Delhi offering to slash tariff gap by two-thirds.(Except headline, this story has not been edited by Firstpost staff.End of Article
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India proposes counter duties against US, notice to WTO shows
