India informs WTO of tariff plan to counter US duties on steel

India has proposed to impose retaliatory tariffs to counter US duties on Indian Steel and Aluminium. India has informed the World Trade Organisation (WTO) of its plans to impose such tariffs on select American goods.

India maintains that the measures taken by the US are not consistent with the General Agreement on Trade and Tariff (GATT) 1994 and the Agreement on Safeguards (AoS). The US stance at the WTO was that the tariffs on Indian goods were imposed on national



security grounds and should not be regarded as safeguard measures.

While the proposed duties are still at the WTO notification stage, India is also close to finalising a new bilateral trade agreement with the Trump administration.

According to WTO, the US safeguard measures would impact 7.6 billion dollars worth of imports of Indian products, with an estimated duty collection of 1.91 billion dollars.