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India proposes retaliatory duties at world trade body against US tariffs on autos

India proposes retaliatory duties at world trade body against US tariffs on autos

India Todaya day ago
New Delhi has proposed retaliatory duties against the US at the World Trade Organisation, saying Washington's 25 per cent tariff on automobiles and some auto parts would affect USD 2.89 billion of India's exports, according to an official notification."India reserves the right to suspend concessions or other obligations ... that are substantially equivalent to the adverse effects of the measure to India's trade," the statement said.advertisementAccording to the notification, the duty collected by the US would amount to USD 725 million and New Delhi will impose an "equivalent amount of duty collected from products originating in the United States".
India did not specify the tariff rate or which goods it would levy duties on.India is trying to clinch a trade deal with Washington before a July 9 deadline set by US President Donald Trump, after which he has threatened to impose a 26 per cent tariff on all imported Indian goods.India has signalled it is ready to slash its high tariff rates for the US but has not conceded on Washington's demands for opening up the agriculture and dairy sectors.- Ends
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Hope to live, serve Tibetan beings for 30-40 years more: Dalai Lama
Hope to live, serve Tibetan beings for 30-40 years more: Dalai Lama

Indian Express

time30 minutes ago

  • Indian Express

Hope to live, serve Tibetan beings for 30-40 years more: Dalai Lama

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Lessons for Trump from Licence Raj as US tariffs loom & Foxconn's blow to India's iPhone ambitions
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The Print

timean hour ago

  • The Print

Lessons for Trump from Licence Raj as US tariffs loom & Foxconn's blow to India's iPhone ambitions

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All eyes on India as Brics takes up US tariffs, Israel

Time of India

timean hour ago

  • Time of India

All eyes on India as Brics takes up US tariffs, Israel

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