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India Proposes Retaliatory Tariffs on Select US Goods to Counter US Tariff on Steel, Aluminium

OutlookIndia · 21d

India plans to impose retaliatory tariffs on certain U.S. goods in response to the U.S. levying duties on Indian steel and aluminum. The U.S. imposed a 25% tariff on Indian imports, potentially collecting $1.9 billion over $7.6 billion worth of goods. India notified the World Trade Organization about its intention to counter these measures, which were initiated under the Trump administration. The U.S. justifies these tariffs on national security grounds, complicating ongoing trade negotiations between the two nations.