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India Plans Retaliatory Duties on US Goods in Hardening Stance

India Plans Retaliatory Duties on US Goods in Hardening Stance

Bloomberga day ago
India has threatened to impose levies on some US goods in retaliation to Washington's higher tariffs on automobiles and their components, signaling a tougher stance by New Delhi even as the two nations race to seal an interim trade deal.
US' safeguard measures would hit $2.9 billion imports annually from India with $723.75 million in duties. 'Accordingly, India's proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in the US,' according to a notification sent to the World Trade Organization.
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