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India's retaliatory import duty on US products might cast shadow over negotiations: GTRI
The Statesman Siliguri
|May 14, 2025
The Global Trade Research Initiative (GTRI) said that India's proposal to impose retaliatory import duty on certain US products in response to tariffs on steel and aluminium could cast a shadow over ongoing negotiations for a trade agreement between the two countries.
Think tank GTRI said that if the USA engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached.
India's retaliatory import duties could take effect in early June, potentially impacting US exporters and deepening trade frictions, it added.
In a significant move targeting US safeguard duties on steel, aluminium, and their derivative products, India has formally notified the World Trade Organisation (WTO) of its intention to suspend trade concessions granted to the USA.
This story is from the May 14, 2025 edition of The Statesman Siliguri.
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