&w=3840&q=100)
India revises WTO retaliatory duties as US hikes steel, aluminium tariffs
The US first imposed 25 per cent tariffs on imports of aluminium, steel and derivative articles on March 12. Again, on June 3, the taxes were hiked to 50 per cent.
"Without prejudice to its earlier notification to the Council for Trade in Goods and the Committee on Safeguards dated May 12, India reserves its right to adjust the products and tariff rates. This request is made in response to the increase in the tariff rate by the US from 25 per cent ad valorem to 50 per cent," the WTO has said in a communication on Wednesday.
This was circulated among WTO members at the request of India.
It said that the proposed suspension of concessions or other obligations can take the form of an increase in tariffs on selected products originating in the US.
"The safeguard measures would affect USD 7.6 billion imports into the United States of the relevant products originating in India, on which the duty collection would be USD 3.82 billion," it said.
Accordingly, India's proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in America.
In the May 12 communication, the duty collection figure was stated as USD 1.91 billion.
The first Trump administration, in 2018, imposed a 25 per cent duty on certain steel items and a 10 per cent duty on aluminium products on the grounds of national security. In retaliation, India in June 2019 slapped customs duties on 28 US products, including almonds and walnuts. India had also filed a complaint in the WTO.
The proposal assumes significance as both countries are negotiating a Bilateral Trade Agreement (BTA). The Indian team is also expected to visit Washington next week to the US for trade talks.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
34 minutes ago
- Business Standard
Taiwanese, Vietnamese firms keen to invest in footwear sector in India: CLE
Companies from Taiwan and Vietnam are keen to invest in India's non-leather footwear sector, and the government support is crucial to facilitate these investments, Council for Leather Exports (CLE) Chairman RK Jalan said on Sunday. Jalan said these Taiwanese and Vietnamese firms import products like shoe soles, moulds, machinery, and fabrics from countries like China. "Vietnamese and Taiwanese firms are keen to invest in India. We need to support them so that they can import these goods smoothly into the country for their manufacturing facilities," he said. The country's exports are growing at a healthy rate, and the council is aiming for $7 billion worth of shipments in 2025-26, he added. The exports stood at $5.75 billion in 2024-25. The US was the top destination for Indian exporters with shipments worth $957 million (about 20 per cent share). It was followed by the UK (11 per cent) and Germany. "We are expecting about 18 per cent growth this year. Promotion of manufacturing in the country will help further boost exports and job creation," Jalan added. He said that a trade pact with the US will help increase the share in the American market. At present, this labour-intensive sector attracts 18.5 per cent duty in the US. The two countries are major players in the global footwear sector. Vietnam is a major global hub for manufacturing and exporting footwear, while Taiwan plays a key role in the design, development, and production of footwear for leading international brands. He also urged the government to roll out the focused product scheme for the footwear and leather sectors announced in the Budget to enhance productivity, competitiveness and exports. The scheme will support design capacity, component manufacturing, and machinery required for the production of non-leather quality footwear. Sharing similar views, Kanpur-based Growmore International Ltd MD Yadvendra Singh Sachan said Taiwanese companies have already invested in firms in Tamil Nadu. "They have the best technologies in the non-leather footwear sector. Their entry will help domestic firms in increasing quality production," Sachan said, adding huge opportunities are there for investments in Uttar Pradesh and Bihar because of the availability of affordable labour in these states. He said that Growmore International is also looking for collaborations with foreign firms to enhance the productivity of leather articles. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
First Post
34 minutes ago
- First Post
Palestinian-American man killed in West Bank, family blames Israeli settlers
A 20-year-old Palestinian-American man, Sayfollah 'Saif' Musallet, has been killed by Israeli settlers while visiting family in the occupied West Bank, according to a report. His death comes amid rising violence in the region. read more A 20-year-old Palestinian-American, Sayfollah 'Saif' Musallet, was killed by Israeli settlers while visiting family in the occupied West Bank, The Guardian reported citing family of the deceased . Musallet was reportedly beaten while at his family's farm near Ramallah. His family claims settlers blocked ambulances from reaching him for three hours. He died from his injuries before reaching hospital. 'I was the first one to reach Saif,' said his 22-year-old friend Mohammed Nael Hijaz. 'He was barely breathing, but there was still time to save him.' STORY CONTINUES BELOW THIS AD Another Palestinian man, 23-year-old Razek Hussein al-Shalabi, was fatally shot during the same attack and left to bleed to death, according to the Palestinian health ministry. The families plan to hold a joint funeral for both men on Sunday. The killings come amid a rise in Israeli settler violence in the West Bank. Since Hamas's deadly attack on southern Israel on 7 October 2023, more than 1,000 Palestinians have been killed and at least 9,000 injured. The Israeli military said stones were thrown at Israelis, which led to 'a violent confrontation'. It acknowledged reports of a Palestinian civilian death and said it was investigating. A US State Department spokesperson confirmed awareness of a US citizen's death in the West Bank and said consular services were being offered, but declined further comment, citing privacy concerns. Musallet's family has called on the US government to investigate the killing and hold those responsible accountable. Witnesses claim Israeli soldiers were present during the attack. Saif Musallet, who was born and raised in Florida, had recently opened an ice cream shop in Tampa with his father. He had travelled to the West Bank in early June to visit family. STORY CONTINUES BELOW THIS AD 'He was a sweet guy, full of dreams,' said Hijaz, mourning his friend's death. In a statement, Musallet's family described him as 'a brother and a son, just starting the prime of his life… kind, hardworking, and respected. He was generous, ambitious, and deeply connected to his Palestinian roots.' The attack occurred on the family's farm in Baten al-Hawa, near Jerusalem. The area is classified as Area B — under Palestinian Authority administration but Israeli military security control. Just a week before, settlers in the same area attacked two German journalists from DW, throwing rocks at them despite their clearly marked press vests. Their car was badly damaged. The German ambassador condemned the attack, and the Israeli military said it would investigate. Three Palestinian-Americans have been killed in the West Bank since 7 October. No one has been held accountable so far.
New Indian Express
38 minutes ago
- New Indian Express
California farmworker who fell from greenhouse roof during chaotic ICE raid dies
SAN FRANCISCO: A farmworker who fell from a greenhouse roof during a chaotic ICE raid this week at a California cannabis facility died Saturday of his injuries. Jaime Alanis, 57, is the first known person to die during one of the Trump administration's ongoing immigration enforcement operations. Yesenia Duran, Alanis' niece, confirmed his death to The Associated Press. Duran posted on the fundraising site GoFundMe that her uncle was his family's only provider and he had been sending his earnings back to a wife and daughter in Mexico. Alanis worked at the farm for 10 years, his family said. The United Farm Workers reported Alanis' death prematurely late Friday. The Ventura County Medical Center later issued a statement authorized by the family saying he was still on life support. 'These violent and cruel federal actions terrorize American communities, disrupt the American food supply chain, threaten lives and separate families,' the UFW said recently in a statement on the social platform X. The union does not represent workers at the raided farm. The Department of Homeland Security said it executed criminal search warrants Thursday at Glass House Farms facilities in Camarillo and Carpinteria. Glass House is a licensed cannabis grower. The farm in Camarillo also grows tomatoes and cucumbers. Garcia called family to say he was hiding and possibly was fleeing agents before he fell about 30 feet (9 meters) from the roof and broke his neck, according to information from family, hospital and government sources. Agents arrested some 200 people suspected of being in the country illegally and identified at least 10 immigrant children on the sites, DHS said in a statement. Alanis was not among them, the agency said. 'This man was not in and has not been in CBP or ICE custody,' DHS Assistant Secretary for Public Affairs Tricia McLaughlin said in a statement. 'Although he was not being pursued by law enforcement, this individual climbed up to the roof of a greenhouse and fell 30 feet. CBP immediately called a medivac to the scene to get him care as quickly as possible.' Four U.S. citizens were arrested during the incident for allegedly 'assaulting or resisting officers,' according to DHS, and authorities were offering a $50,000 reward for information leading to the arrest of a person suspected of firing a gun at federal agents. During the raid crowds of people gathered outside the facility in Camarillo to seek information about their relatives and protest immigration enforcement. Authorities clad in military-style helmets and uniforms faced off with the demonstrators, and people ultimately retreated amid acrid green and white billowing smoke. Glass House said in a statement that immigration agents had valid warrants. The company said workers were detained and it is helping provide them with legal representation. 'Glass House has never knowingly violated applicable hiring practices and does not and has never employed minors,' it said. The business was co-founded by Graham Farrar and Kyle Kazan. Farrar has donated to California Democrats including Gov. Gavin Newsom, a vocal critic of Republican President Donald Trump, according to campaign finance records. Kazan has donated to both Democrats and Republicans.
