India proposes retaliatory duties against US auto tariffs
India has proposed retaliatory duties against the US for imposing tariffs on auto parts imports, citing violations of WTO norms. The US safeguard measure, a 25% tariff increase, impacts nearly $2.9 billion in Indian exports. India reserves the right to suspend concessions on US products, aiming for equivalent duty collection, as consultations have not occurred.🕒 1 min read
India has proposed retaliatory duties against the US for imposing tariffs on auto parts imports, citing violations of WTO norms. The US safeguard measure, a 25% tariff increase, impacts nearly $2.9 billion in Indian exports. India reserves the right to suspend concessions on US products, aiming for equivalent duty collection, as consultations have not occurred.
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