India plans to raise duties by up to 100% on 20 US products

21 May 2018 Evaluate

In a tit-for-tat move, India has told the World Trade Organization (WTO) that it plans to increase duties by up to 100 percent on 20 products including almonds, apple and specific motorcycles imported from the United States (US) from the month of June 2018, if Washington does not roll back high tariffs on certain steel and aluminium items. The additional duty proposed to be hiked on these items ranges from 5 percent to 100 percent.

According to a communication by India to WTO, India hereby notifies the Council for Trade in Goods of its decision to suspend concessions or other obligations that are substantially equivalent to the amount of trade affected by the measures imposed by the US. It also said that the proposed suspension of concessions would be in the form of an increase in tariffs on selected products originating in the US. In addition, it said that that India reserves its right to further suspend substantially equivalent concessions and other obligations based on the measures of the US.

Earlier, India had urged the US to exempt it from the decision to raise import duties on certain steel and aluminium products. The country had proposed this move under the WTO’s Agreement on Safeguards. In March 2018, US President Donald Trump had imposed heavy import tariffs on steel and aluminium items, a move that had sparked fears of global trade war. US President Donald Trump had signed two proclamations that levied 25% tariff on steel and 10% tariff on aluminium imported from all countries except neighbouring Canada and Mexico.

India has also dragged the US to the WTO’s dispute settlement mechanism over the imposition of import duties on steel and aluminium. India has stated that the decision will impact exports of these products to the US and it is not in compliance with global trade norms. India's exports of steel and aluminium products to America stood at about $1.5 billion every year. India's exports to the US in 2016-17 stood at $42.21 billion, while imports were $22.3 billion.

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