India warns of counter-tariffs against US

India has formally notified the World Trade Organization (WTO) of its plan to suspend trade concessions on certain US-origin products in response to Washington's safeguard tariffs on Indian auto parts, raising trade tensions just days ahead of the anticipated announcement of a bilateral trade deal.

- Dhirendra Kumar

In a notification dated 3 July to the WTO's Council for Trade in Goods, and published on Friday, India invoked Article 12.5 of the Agreement on Safeguards, stating its intention to impose retaliatory duties on select US products. The move follows the United States' decision to extend safeguard tariffs—amounting to a 25% ad valorem increase—on imports