US counters India on copper duty at WTO

50% COPPER TARIFFS CAME INTO EFFECT ON AUG 1

- FE BUREAU

THE US HAS said India’s communication to the World Trade Organisation (WTO) reserving the right to impose reciprocal duties in response to its 50% tariff on copper products has no basis under the rules of the global trade watchdog.

On October 30, India had notified WTO that it reserves the right to suspend concessions or other obligations under relevant articles of the Agreement on Safeguards that are substantially equivalent to the adverse effects of the measure (copper duties) on India’s trade.