India is contemplating inserting tariffs on some items produced within the U.S. to counter the Trump administration’s duties on metal and aluminum merchandise, based on a doc submitted to the World Commerce Group.
“The proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the United States,” the doc dated Monday reads.
The doc didn’t disclose what sort of merchandise could also be slapped with tariffs.
In March, the Trump administration put 25% levies on metal and aluminum imports, which have been an extension of duties first imposed within the U.S.
President Donald Trump’s first administration.
India is the world’s second-largest producer of crude metal.
The doc mentioned the potential countermeasures would affect $7.6 billion value of merchandise made in India which can be imported into the U.S.
On prime of the levies on metal and aluminum, the Trump administration has threatened reciprocal tariffs of 26% on India’s items.
The 2 nations are working to safe a commerce deal, with India providing to chop its tariff hole with the U.S. by two-thirds.
India, which has a number of the world’s highest tariffs on imports, has beforehand been criticized by Trump for being a “tariff abuser.”
The Asian nation has additionally imposed tariffs on metal from different nations.
Final month, it imposed 12% non permanent tariffs to curb imports of low-cost metal, primarily from China.
Whereas it seeks to stem provide domestically, India can also be working to safe larger entry for its metal exports by means of commerce talks with companion nations.
Reuters contributed to this report.
