HomeBricks & MortarIndia Retaliates Against US Steel Aluminium Tariffs

India Retaliates Against US Steel Aluminium Tariffs

India has formally notified the World Trade Organization (WTO) of its intent to impose retaliatory tariffs on 29 U.S. products, including agricultural and industrial goods, in response to the United States’ safeguard tariffs on steel and aluminium imports.

This move aims to counteract the adverse effects of U.S. measures on Indian exports, which New Delhi estimates impact $7.6 billion worth of goods, resulting in approximately $1.91 billion in duties. The U.S. initially imposed tariffs of 25% on steel and 10% on aluminium imports in March 2018, citing national security concerns under Section 232 of the Trade Expansion Act of 1962. These measures were revised in February 2025, with the updated tariffs taking effect from March 12, 2025.

India contends that these actions violate WTO rules and has sought consultations under the WTO’s Agreement on Safeguards. However, the U.S. maintains that the tariffs are essential for national security and should not be considered safeguard measures. India’s proposed retaliatory tariffs target a range of U.S. products, including apples, almonds, pears, anti-freezing preparations, boric acid, and certain iron and steel products. This strategy is designed to restore trade balance and protect India’s economic interests within the WTO framework. The escalating trade tensions come amid ongoing negotiations between India and the U.S. for a Bilateral Trade Agreement (BTA), with both nations aiming to double bilateral trade to $500 billion by 2030.

India’s move to impose retaliatory tariffs could influence the dynamics of these negotiations, potentially prompting both sides to seek a resolution that addresses the concerns of their respective industries. The situation underscores the complexities of international trade relations and the challenges countries face in balancing domestic economic interests with global trade commitments. As India moves forward with its proposed tariffs, the international community will be closely monitoring the developments and their implications for global trade dynamics.

India Retaliates Against US Steel Aluminium Tariffs
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Dulux Collaborates with Nooku on Low VOC Paints

Dulux Collaborates with Nooku on Low VOC Paints

0
The quality of air inside homes and offices is emerging as a critical factor in sustainable urban living, and leading paint manufacturer Dulux has...
https://urbanacres.in/kajaria-tiles-continues-principal-role-with-rcb-women/

Kajaria Tiles Continues Principal Role with RCB Women

0
Kajaria Tiles has renewed its position as the principal sponsor of the Royal Challengers Bengaluru (RCB) Women’s Team, reinforcing its commitment to women’s cricket...
SWAMIH Fund Completes Thousands of Stalled Homes

SWAMIH Fund Completes Thousands of Stalled Homes

0
A government-backed housing stress resolution mechanism has emerged as one of India’s most consequential urban interventions in recent years, with the SWAMIH Fund enabling...
Ritika Sajdeh Acquires High Value Prabhadevi Residence for Rs 26.3 Crore

Ritika Sajdeh Acquires High Value Prabhadevi Residence for Rs 26.3 Crore

0
Mumbai’s premium residential market has recorded another high-value transaction in the Prabhadevi micro-market, reinforcing the area’s position as a core destination for luxury housing...
Mumbai Slum Renewal Plan Targets Next Decade

Mumbai Slum Renewal Plan Targets Next Decade

0
Mumbai’s long-standing challenge of informal housing is set to enter a decisive phase, with the state government outlining a time-bound strategy to transition the...