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India Fires First Counter Move at US Tariffs
Hindustan Times Chandigarh
|May 14, 2025
India has proposed to levy retaliatory import duties on American goods proportionately in response to the US imposing safeguard tariffs on Indian steel and aluminum in a normal course, a government official confirmed, adding that the move would not impact the ongoing negotiations for a bilateral trade agreement (BTA).
NEW DELHI:
New Delhi has exercised its rights as per established multilateral trade rules after Washington imposed tariffs on these metals as "safeguard measures" that adversely impacted India's exports worth $7.6 billion to the US, he said, citing a notice published by WTO on Monday.
The official requested anonymity as he is not authorized to speak on this matter.
The Trump administration on February 10 imposed 25% levies on all US imports of steel and aluminum effective from March 12, which severely hampered Indian metal exports to America.
Dit verhaal komt uit de May 14, 2025-editie van Hindustan Times Chandigarh.
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