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America's bullying will not work against India; Know what is Modi government's plan regarding Tariff War
India is now pressuring America to reduce the 25 percent duty on steel and aluminum. If America does not do so, then India can increase the duty on products like almonds and apples coming from America. India has knocked on the door of the World Trade Organization (WTO) to reduce the duty on steel and aluminum.
India is now adopting a harder attitude compared to the past in its negotiations with the United States on the trade agreement. India is now putting pressure on the United States to lower the 25 percent tariff on steel and aluminum. In case the United States does not comply, India can raise the tariff for such imports as almonds and apples from the United States.
India knocked on the door of the World Trade Organization (WTO) for the reduction of the duty on steel and aluminium. The US had raised the steel and aluminium duty on all countries on March 12 to 25 percent. Before India, there had been many other countries opposing the US decision.
According to Jagran sources, the Commerce Ministry has also told Indian exporters not to give any kind of discount to the US buyers. After the announcement of 26 percent reciprocal duty on India on April 2, US buyers were demanding discounts from Indian exporters to reduce the burden of duty.
