India proposes retaliatory duties against US on steel, aluminium duties at WTO

India has proposed to impose retaliatory duties on 29 American products including apples, almonds, pears, anti-freezing preparations, boric acid and certain products made of iron and steel under the World Trade Organisation (WTO) to counter the American tariffs on steel and aluminium in the name of safeguard measures, Report informs via The Econmic Times.

New Delhi told the WTO that these measures would affect $7.6 billion in imports into the US.

“The safeguard measures would affect $7.6 billion imports into the US of the relevant products originating in India, on which the duty collection would be $1.91 billion,” it told the WTO.

As per the communication, the proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the US.