India Mulls Tariff Response to US Steel and Aluminium Duties in Trade Dispute -

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India is contemplating a tariff response following the United States’ imposition of a 50 per cent duty on Indian steel and aluminium imports. This action has raised major concerns within India’s trade sector. Notably, former US National Security Advisor John Bolton criticized the Trump administration’s decision, calling it a potential “enormous mistake” that might negatively impact bilateral relations.

Background of the Tariffs

The US government introduced these tariffs on steel and aluminium as measures to safeguard its domestic industries. However, these duties have sparked tensions between the two nations. India argues that the tariffs are unfair and contravene the World Trade Organization (WTO) rules.

India’s Response and Outlook

Indian officials are carefully evaluating the tariffs’ effects on their export sector. They have made it clear that a measured retaliation might be employed to protect Indian exporters while striving to preserve diplomatic relations.

Trade experts suggest:

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Negotiations could continue to seek an amicable resolution.
India’s contemplation of retaliatory tariffs shows a firm stance in defending its economic interests.

This dispute remains a crucial aspect of the ongoing India-US trade discussions.

Stay tuned for more updates from Questiqa USA.