New Delhi, 10 July (PTI) India, revised its proposal to impose retaliatory obligations according to the WTO standard (World Trade Organization) over the US over the US tariffs on steel and aluminum with regard to another trip on the service of Trump administration.
The US first placed 25 % of tariffs on imports of aluminum, steel and derivative 12 March. Again on 3 June, taxes were raised to 50 %.
“Without prejudice against its earlier announcement, the Council for Trade in goods and the warranty Committee of 12.
This has been extended among WTO members at the request of India.
He stated that the proposed suspension of concessions or other obligations may take the form of an increase in tariffs to selected products from the US.
“Measures would affect the import of $ 7.6 billion into the United States of relevant products from India, where CLA collection would be $ 3.82 billion,” she said.
In accordance with this, the Indian proposed suspension of concessions would result in an equal number of obligations collected from products from America.
In the 12th May Communications, the value of the duty collection was listed as $ 1.91 billion.
The first Trump Administration in 2018 reported 25 % duty and 10 % duty on aluminum products for certain steel items. In India in June 2019, in India in June 2019, they disrupted customs duties for 28 US products, including almonds and walnuts. India also filed a complaint in the WTO.
The proposal assumes importance because both countries negotiate a bilateral trade agreement (BTA). The Indian team is expected to visit Washington next week for business interviews.
(Tagstotranslate) India
