New Delhi, May 14 -- India has formally notified the World Trade Organisation (WTO) of its intention to suspend trade concessions granted to the United States, potentially imposing retaliatory import duties on certain American products.

This development could negatively affect ongoing negotiations for a bilateral trade agreement between the two nations, according to the Global Trade Research Initiative (GTRI).

The notification, issued on May 12, comes in response to US safeguard duties on steel, aluminium, and derivative products. While India has not yet disclosed which items would face increased tariffs, a similar action in 2019 had targeted 28 US products including almonds, apples, and various chemicals.

GTRI Founder Ajay Srivastava ...