India fires first counter move at US tariffs
New Delhi, May 14 -- India has proposed to levy retaliatory import duties on American goods proportionately in response to the US imposing safeguard tariffs on Indian steel and aluminium 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 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 authorised to speak on this matter.
The Trump administration on February 10 imposed 25% l...
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