India to Impose Retaliatory Tariff on US Steel, Notifies WTO

India has notified the World Trade Organization (WTO) of its decision that it has proposed to impose retaliatory tariffs on the US to match extra duties Washington had put on steel and aluminum imports.

- Mukesh Jagota

In a communication to the WTO’s Council of Trade in Goods, India has said that the safeguard measures imposed by the US through the duties on steel and aluminum will impact India’s $7.6-billion exports to the US. Through extra duties, the US will collect $1.91 billion