trade with India.......WINNING ?
"India officially told the World Trade Organization (WTO) that it plans to increase tariffs on goods made in the United States as a direct response to the Trump administration’s decision to impose high duties on steel and aluminum.
India submitted a detailed notification to WTO on Monday explaining how the U.S government’s decision to impose high duties on steel and aluminum has hurt the country’s trade. As a result, it plans to raise tariffs on various goods imported from the United States.
Furthermore, India argued that the U.S. tariffs break global trade rules and that their excuse of “national security” to introduce these duties was more of “safeguard measures” or emergency trade restrictions countries can respond to under WTO regulations.
The U.S. announced in March that the tariffs would add a 25% duty on all steel imports and similar levies on aluminum as part of President Trump’s efforts to change how the country trades with the world and improve national security."
|
