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Bloomberg Quint

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India Proposes Retaliatory Duties Against US' Steel, Aluminium Tariffs At WTO

  • India has formally notified the World Trade Organization of its plan to impose retaliatory tariffs on US products in response to Washington's continued duties on steel and aluminium imports.
  • The proposed move aims to recover an estimated $1.9 billion in duties on a range of US-origin products, citing the impact of American Section 232 tariffs on Indian exports.
  • India has invoked WTO provisions, stating that the US duties violate global trade norms and have significantly harmed Indian exporters.
  • This is not the first time India has considered such action; a similar list of retaliatory tariffs was previously proposed but was suspended after bilateral discussions and trade negotiations with the US.

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