India takes US to WTO's safeguard committee for hiking duties on steel, aluminium derivatives
4 years, 9 months ago

India takes US to WTO's safeguard committee for hiking duties on steel, aluminium derivatives

Firstpost  

India has sought consultations with the US, under the WTO’s safeguard agreement, against American authorities’’ decision to increase import duties on derivatives of steel and aluminium products New Delhi: India has sought consultations with the US, under the WTO’s safeguard agreement, against American authorities’’ decision to increase import duties on derivatives of steel and aluminium products. “Accordingly, as an affected Member with significant export interest to the US for the products at issue, India requests consultations with the US… In accordance with …the Agreement on Safeguards, India seeks to exercise its right to consult on the specifics of the measures and its right to determine appropriate trade compensation with the US,” it said on Tuesday. Further, it said that as per a provision of the Agreement on Safeguards, a WTO member country proposing to apply a safeguard measures shall provide adequate opportunity for prior consultations with those members having a substantial interest as exporters of the product concerned, with a view to review the information provided, exchanging views on the measure, and reaching an understanding on ways to achieve the objective set out in the agreement. In April 2018, India had requested consultations with the US with respect to tariff increase on aluminum and steel imports imposed by the US through a presidential proclamation issued on 8 March 2018.

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History of this topic

India Is Shooting Itself in the Foot on Trade — Again
Trending News
1 week, 6 days ago

India Is Shooting Itself in the Foot on Trade — Again

Live Mint  

-- President-elect Donald Trump has renewed his threat to impose a tariff wall on Indian imports to the US. In particular, companies are flummoxed by a new weapon in the bureaucrats’ arsenal they call “Quality Control Orders.” QCOs are apparently innocuous demands that imports into India satisfy quality standards. If India actually wanted to protect consumers, then it would — …

We have to wait and watch to see how it pans out: Official on Trump’s tariff threat
3 weeks, 6 days ago

We have to wait and watch to see how it pans out: Official on Trump’s tariff threat

Live Mint  

New Delhi, Imposing reciprocal duties violates global trade rules but one has to follow a "wait and wait" approach to US President-elect Donald Trump's remarks on imposing reciprocal tariffs, a senior official said on Wednesday. US President-elect Donald Trump has said that India charges a lot of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New …

Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'
4 weeks ago

Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'

India TV News  

US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the “high tariff” imposed by New Delhi on import of certain American products. Trump said India and Brazil were among countries that impose high tariffs on certain US products. If they want to charge us, that's fine, but we're going to charge them the same …

Govt’s steel dilemma: Restrict imports and risk inflation or hurt capex?
4 weeks, 1 day ago

Govt’s steel dilemma: Restrict imports and risk inflation or hurt capex?

Live Mint  

The government has a tough choice to make—whether to introduce a levy on the import of cheap steel to protect the domestic industry or not. This has caused domestic steel prices to drop to a four-year low with benchmark hot-rolled coil prices averaging ₹48,160 per tonne in November, 12% lower year-on-year. They allege that the Chinese government support available to …

Opinion: Making America Gated Again - India should know Trump means tariffs
Trending News
1 month, 2 weeks ago

Opinion: Making America Gated Again - India should know Trump means tariffs

India Today  

If there’s one tool that Donald Trump loves to use against other countries, it’s tariffs. The president-elect telegraphed his intention to impose tariffs on any and every country throughout the election campaign, so no one should be surprised that Trump announced he would impose tariffs on imports from Canada, Mexico, and China on Day 1 unless they took steps to …

Trump’s policies may open new doors for India’s defence sector: Report
Trending News
1 month, 3 weeks ago

Trump’s policies may open new doors for India’s defence sector: Report

Live Mint  

New Delhi, November 25 : The "America First" trade policy promoted by upcoming U.S. President Donald Trump has far-reaching implications for global trade and geopolitics. It said "Indian businesses in sectors such as pharmaceuticals and defense might also find new opportunities, especially if U.S.- India collaboration strengthens. The report said "increased tariffs might prompt retaliatory measures from trade partners, potentially …

Trump’s tariff proposal opens opportunity for India: Virmani
1 month, 3 weeks ago

Trump’s tariff proposal opens opportunity for India: Virmani

Live Mint  

New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Relative …

Imposing tariffs on India ’really bad’, will lead to trade war, US Congressman-elect Subramanyam on immigration & more
1 month, 4 weeks ago

Imposing tariffs on India ’really bad’, will lead to trade war, US Congressman-elect Subramanyam on immigration & more

Live Mint  

US Congressman-elect Suhas Subramanyam has expressed strong opposition to imposing tariffs on Indian imports, warning that such a move could trigger a trade war between the two countries. As Trump prepares to assume office, there is growing concern that his administration may impose higher tariffs on Indian exports, potentially straining trade relations between the two nations. Suhas Subramanyam, 38, has …

Trump's tariffs will worry India, but wait, there’s more
1 month, 4 weeks ago

Trump's tariffs will worry India, but wait, there’s more

Live Mint  

The return of Donald Trump to the US presidency has raised fears worldwide of a trade war. This resulted in a trade war with several countries, including China and India, which imposed retaliatory tariffs on US goods. Besides an increase in average tariffs on Indian imports, the number of tariff lines subject to tariffs of 25% or more rose from …

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India
2 months ago

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India

Live Mint  

Donald Trump has secured his return to the White House as the 47th President of the United States, following a highly-competitive election on November 5, 2024. Trump’s Policy Agenda 5 key points from Donald Trump’s election manifesto that may impact India: Tax Reforms: As per the report, Trump’s policy platform emphasises extending the 2017 Tax Cuts and Jobs Act, which …

India poised to gain from Trump’s potential tariff hike on China, says report
2 months ago

India poised to gain from Trump’s potential tariff hike on China, says report

Live Mint  

Following Donald Trump's victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. Such policies aim to reduce the U.S. dependence on Chinese imports, a move that could disrupt established trade channels and prompt companies …

The Impact of Higher Tariffs On Inflation In The U.S. And Global Trade Dynamics
2 months, 1 week ago

The Impact of Higher Tariffs On Inflation In The U.S. And Global Trade Dynamics

The Quint  

Understanding Tariffs and Inflation What Are Tariffs? The intent behind tariffs typically includes protecting domestic industries from foreign competition, raising government revenue, and influencing international trade balances. In January 2018, the Trump administration imposed up to 30% tariffs on imported solar panels to protect U.S. manufacturers from foreign competition, particularly from countries like China. This action aimed to promote the …

After PM Modi's US visit, India to scrap retaliatory customs duties on these products
1 year, 6 months ago

After PM Modi's US visit, India to scrap retaliatory customs duties on these products

Hindustan Times  

India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products, government sources said. During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO disputes and the …

India to remove additional customs duties on eight US products
1 year, 6 months ago

India to remove additional customs duties on eight US products

India TV News  

India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said. India, US agree to end six trade disputes The two countries …

India and US Resolve Six Trade Disputes, Agree to End Retaliatory Duties
1 year, 6 months ago

India and US Resolve Six Trade Disputes, Agree to End Retaliatory Duties

Deccan Chronicle  

Washington/New Delhi: In a major development, India and the US have agreed to end six trade disputes at the WTO through mutually agreed solutions, while New Delhi will remove retaliatory customs duties on certain American products such as almonds, walnuts, and apples. According to the joint statement issued after the meeting of Modi and US President Joe Biden, “the leaders …

We Are Engaged With EU On Carbon Tax Issue, India's Tariffs Often Misconstrued To Be High: Piyush Goyal
1 year, 7 months ago

We Are Engaged With EU On Carbon Tax Issue, India's Tariffs Often Misconstrued To Be High: Piyush Goyal

ABP News  

Commerce and industry minister Piyush Goyal has said that India is engaged with the European Union on the EU's decision to impose carbon tax on certain imported goods and expressed hope that the intention is not to create trade barriers. Addressing the media on Tuesday after the first India-EU Trade and Technology Council meeting in Brussels, he also said India …

WTO rules against Trump’s steel and aluminum tariffs
2 years, 1 month ago

WTO rules against Trump’s steel and aluminum tariffs

Associated Press  

WASHINGTON — The World Trade Organization has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules. Trump’s tariffs of 25% on foreign steel and 10% on aluminum outraged America’s long-standing allies, including the European Union and Japan, because he relied on a little-used provision of U.S. trade law …

India-US Trade Ties Hit by Tariff Policies Under Trump Administration: US Congress Report
4 years ago

India-US Trade Ties Hit by Tariff Policies Under Trump Administration: US Congress Report

News 18  

Under the Trump administration, US-India tensions have increased over each side's tariff policies, a Congressional report has said, noting that the two sides have also held concerted negotiations to address these trade frictions. After India lost its eligibility for the US Trade Preference Program, India imposed higher tariffs of 10 per cent to 25 per cent, affecting about USD 1.32 …

Trade Wars: India wants predictability from the US
4 years, 2 months ago

Trade Wars: India wants predictability from the US

India Today  

India’s economic relationship with the US has always been a complicated one. Away from the customary PR visits to the Taj Mahal and the gifting of shawls and souvenirs, there have been difficult trade-offs and hectic negotiations—the famous “mangoes-for-bike” agreement of 2007, a swap deal under which India cleared Harley-Davidson’s proposed investment in the country in return for the US …

Donald Trump administration urged to ask India to reduce duty on US apples
5 years, 3 months ago

Donald Trump administration urged to ask India to reduce duty on US apples

India TV News  

Asserting that India's move to increase tariffs on the US apples has hit the farmers hard, a top American lawmaker has urged the Trump administration to ask New Delhi to reduce the duty for the country's apple growers. Congressman Dan Newhouse in a letter to US Trade Representative Robert Lighthizer, who is leading trade negotiations with India ahead of Prime …

US lawmakers urge Donald Trump administration to restore India's trade privileges
5 years, 3 months ago

US lawmakers urge Donald Trump administration to restore India's trade privileges

India Today  

Forty-four members of the US Congress have urged President Donald Trump's trade representative to restore trade concessions to India, saying the withdrawal of the privilege had led to retaliatory tariffs from New Delhi which were hurting U.S. industry. In the letter addressed to United State Trade Representative Robert Lighthizer and dated Sept. 17, the members of Congress said: "Just as …

India has world’s “worst” tariffs on U.S. products, says top American Senator
5 years, 4 months ago

India has world’s “worst” tariffs on U.S. products, says top American Senator

The Hindu  

India is “the worst” in terms of high tariffs on American products, a top American Senator claimed on Sunday, ahead of U.S. President Donald Trump’s crucial meeting with Prime Minister Narendra Modi on the sidelines of the G-7 Summit in France which is likely to be dominated by trade frictions between the two countries. President Trump, championing his ‘America First’ …

Will protectionism help govt’s ‘Make in India’ plan?
5 years, 6 months ago

Will protectionism help govt’s ‘Make in India’ plan?

Live Mint  

Nirmala Sitharaman made a clear embrace of protectionism in her maiden Union Budget. These tariff hikes, which are part of a broader push towards protectionism and promoting ‘Make in India’, will have important implications for Indian industry and the economy. In total, Mint’s analysis of tariff proposals in the budget, suggests that around US$10.6 billion imports would face ‘protectionist’ tariff …

US to seek rollback of Indian tariffs on agri products; trade delegation to re-start negotiations today
5 years, 6 months ago

US to seek rollback of Indian tariffs on agri products; trade delegation to re-start negotiations today

Firstpost  

India would in return seek better access to the US market for Indian farm products, said an Indian official New Delhi: The United States will seek rollback of Indian tariffs imposed on some agricultural products such as almonds when the two sides meet today, a senior Indian government source told Reuters. A delegation led by Assistant US Trade Representative for …

’No longer acceptable’: Trump again blasts India over tariffs on US products
5 years, 6 months ago

’No longer acceptable’: Trump again blasts India over tariffs on US products

Live Mint  

Washington: US President Donald Trump on Tuesday reiterated his complaints against India, saying New Delhi's tariffs on US products were unacceptable but not giving other details about any possible action amid the two nations' ongoing trade row. Earlier in June, just a day ahead of G20 meeting with PM Narendra Modi in Japan's Osaka, Trump in a Twitter post, demanded …

No longer acceptable: Trump re-emphasises disfavour on India levying high tariffs on American products
5 years, 6 months ago

No longer acceptable: Trump re-emphasises disfavour on India levying high tariffs on American products

India TV News  

United States President Donald Trump on Tuesday re-emphasised his displeasure over India levying high import tariffs on American products, saying it was 'no longer acceptable'. Trump had earlier also called for withdrawal of high import tariffs imposed by India ahead of his meeting with Prime Minister Narendra Modi. "I look forward to speaking with Prime Minister Modi about the fact …

India had field day: Trump slams India once again over tariffs on US products
5 years, 6 months ago

India had field day: Trump slams India once again over tariffs on US products

India Today  

US President Donald Trump has once again attacked India over tariffs imposed on US products. On June 27, ahead of his meeting with Prime Minister Narendra Modi at the G20 Summit in Osaka, Trump had tweeted, "I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United …

US President Donald Trump now wants trade tariffs withdrawn
5 years, 6 months ago

US President Donald Trump now wants trade tariffs withdrawn

Deccan Chronicle  

New Delhi: Ahead of his meeting with Prime Minister Narendra Modi on the sidelines of the G-20 summit at Osaka, Japan, US President Donald Trump hit out at India again over the issue of trade tariffs, saying that India has just recently increased the tariffs on American products even further, and that for years it had imposed “high tariffs against …

G20 Osaka Summit: Indian tariffs unacceptable, tweets Donald Trump ahead of bilateral meet with Narendra Modi
5 years, 6 months ago

G20 Osaka Summit: Indian tariffs unacceptable, tweets Donald Trump ahead of bilateral meet with Narendra Modi

Firstpost  

Trump known for his whimsical outbursts on Twitter, just now took to the microblogging site to stress that India was wrong in mounting retaliatory tariffs on US imports after the latter dropped India from a list of ‘preferred trade partners’ Taking to Twitter just hours before his meeting with Prime Minister Narendra Modi, US president Donald Trump has offset any …

India’s tariff message to the US: Business is business
5 years, 6 months ago

India’s tariff message to the US: Business is business

Hindustan Times  

India’s retaliatory tariffs on $241 million worth of imports from the United States looked so small in comparison to the billions in play in President Donald Trump’s ongoing tariff war with China, to call them modest would be an exaggeration. India mulled the retaliatory tariffs for more than a year after it proposed them in response to President Donald Trump’s …

India to impose retaliatory tariffs on 28 US goods
5 years, 6 months ago

India to impose retaliatory tariffs on 28 US goods

Al Jazeera  

The new duties will take effect on Sunday. India will impose higher retaliatory tariffs on 28 United States products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in …

India’s retaliatory tariffs on 28 US products comes into effect
5 years, 6 months ago

India’s retaliatory tariffs on 28 US products comes into effect

Live Mint  

New Delhi: India has raised tariffs on 28 items exported from the US with effect from Sunday in retaliation to America’s withdrawal of preferential access for Indian products from 5 June. The commerce ministry had on Friday made public India’s intention to go ahead with imposition of duty on American products, a move New Delhi had previously deferred in the …

India might impose retaliatory import tariffs on 29 US items
5 years, 7 months ago

India might impose retaliatory import tariffs on 29 US items

India TV News  

India might finally go ahead to impose retaliatory import tariffs against some US goods, sources said on Friday. According to sources, the long overdue retaliatory move, which was first proposed last year, will consist of tariffs on 29 US items and this can come in effect from as soon as next week. Speculations are that the 29 items imported from …

India to impose retaliatory tariffs on 29 U.S. goods from June 16
5 years, 7 months ago

India to impose retaliatory tariffs on 29 U.S. goods from June 16

The Hindu  

India has decided to impose retaliatory tariffs on 29 goods imported from the U.S. from June 16 onwards, officials in the Commerce Ministry told The Hindu. June 16 deadline “India has decided to go ahead and impose the retaliatory tariffs on U.S. items,” the Commerce Ministry official said. The notification to impose the tariffs will be issued by the Finance …

India to levy retaliatory tariffs on 29 US products
5 years, 7 months ago

India to levy retaliatory tariffs on 29 US products

Hindustan Times  

In what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. India’s move comes ahead of a meeting between US President Donald Trump and Prime Minister Narendra Modi on the sidelines of a G20 summit on June 28-29 in Osaka, Japan. The trade ministry’s move, which …

India finally retaliates in tariffs tit-for-tat with US
5 years, 7 months ago

India finally retaliates in tariffs tit-for-tat with US

Live Mint  

In what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. India’s move comes ahead of a meeting between US President Donald Trump and Prime Minister Narendra Modi on the sidelines of the G20 summit on 28-29 June in Osaka, Japan. The trade ministry’s move, which …

Trump administration removes India special trade status
5 years, 7 months ago

Trump administration removes India special trade status

CNN  

Washington CNN — The Trump administration announced Friday that it’s ending special trade treatment for India, removing a status that exempts billions of dollars of the country’s products from US tariffs. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” President Donald Trump said in a proclamation …

Government again extends retaliatory import tariff deadline on 29 US products till 16 May
5 years, 8 months ago

Government again extends retaliatory import tariff deadline on 29 US products till 16 May

Firstpost  

New Delhi: The government has again extended its deadline to impose retaliatory import duties on 29 US products, including almond, walnut and pulses, till 16 May. These deadlines were extended several times since June 2018, when India decided to impose these duties in retaliation to a move by the US to impose high customs duties on certain steel and aluminium …

‘Scrapping India’s trade privileges could hit American consumers’: US senators
5 years, 9 months ago

‘Scrapping India’s trade privileges could hit American consumers’: US senators

Hindustan Times  

A US plan to end preferential duty-free imports of up to $5.6 billion from India could raise costs for American consumers, two US senators have told their country’s trade office, urging a delay in adopting the plan, and seeking more negotiations. If US President Donald Trump presses ahead with his plan to end the Generalized System of Preferences for India, …

US to terminate India as GSP beneficiary: Will India approach WTO against Trump administration's threat?
5 years, 10 months ago

US to terminate India as GSP beneficiary: Will India approach WTO against Trump administration's threat?

Firstpost  

The GSP contains a list of countries and products which are allowed entry into the USA duty-free or on payment of lesser duties. Donald Trump, the famously protectionist American President, informed Congress on 5 March, 2019 that he intends to end India’s and Turkey’s preferential trade treatment under Generalized System of Preferences. Impact of removal of India from GSP program …

US withdrawal of duty sops: India's import tariffs not high, within global trade norms of WTO: Govt
5 years, 10 months ago

US withdrawal of duty sops: India's import tariffs not high, within global trade norms of WTO: Govt

Firstpost  

The bilateral trade has increased to $74.5 billion in 2017-18 from $64.5 billion in 2016-17. New Delhi: Rejecting US claims of imposing “tremendously high” tariffs, India on Tuesday said its import duties are not high and are within the norms of the World Trade Organisation. US President Donald Trump had claimed that India is a “tariff king” and imposes “tremendously …

World Trade Organisation to probe US steel, aluminium tariffs
6 years, 1 month ago

World Trade Organisation to probe US steel, aluminium tariffs

India TV News  

The World Trade Organisation has agreed to set up panels at its Dispute Settlement Body to decide whether US tariffs on steel and aluminium imports comply with WTO rules, a trade official said in Geneva. On Wednesday, China and the European Union along with Mexico, Norway, Russia, Canada and Turkey protested against measures by Washington which they said were not …

Govt's safeguard duty move on steel goods inconsistent with certain global trade norms: WTO panel
6 years, 2 months ago

Govt's safeguard duty move on steel goods inconsistent with certain global trade norms: WTO panel

Firstpost  

As India and Japan failed to resolve the issue in the bilateral consultation process, the WTO had set up the dispute resolution panel earlier this year. New Delhi: The World Trade Organization’s dispute panel has said India’s move to impose safeguard import duty on some iron and steel products was inconsistent with certain global trade norms. The ruling comes in …

India, US talks ongoing to resolve trade issues
6 years, 2 months ago

India, US talks ongoing to resolve trade issues

Live Mint  

New Delhi: Commerce and Industry Minister Suresh Prabhu has said India and the US have exchanged offers for a possible trade deal with a view to resolving issues related to bilateral commerce. India had announced hiking customs duty on 29 products, including pulses and iron and steel items, imported from the US as a retaliatory action against the tariff hike …

Donald Trump says 'tariff king' India wants trade deal with US to keep American president happy
6 years, 3 months ago

Donald Trump says 'tariff king' India wants trade deal with US to keep American president happy

Firstpost  

President Donald Trump Monday slammed India for imposing “tremendously high tariffs” on American products and said that New Delhi wanted to have a trade deal with the US primarily to keep him happy. Washington: President Donald Trump Monday slammed India for imposing “tremendously high tariffs” on American products and said that New Delhi wanted to have a trade deal with …

Government extends deadline for imposition of higher import duties on 29 US products, new rates to come to effect from September 18
6 years, 5 months ago

Government extends deadline for imposition of higher import duties on 29 US products, new rates to come to effect from September 18

India TV News  

The government on Saturday extended the deadline for imposition of higher customs duties on 29 products, including almond, walnut and pulses, imported from the US by 45 days. India has said the duty imposed by the US has affected steel exports by USD 198.6 million and aluminium shipments by USD 42.4 million. India has also dragged the US to the …

US fails to address India’s concerns on hike in steel tariffs
6 years, 5 months ago

US fails to address India’s concerns on hike in steel tariffs

Live Mint  

Geneva: The United States on Friday failed to address specific issues raised by India, and five other countries, in separate trade disputes at the World Trade Organization against President Donald Trump’s unilateral measures to impose additional duty on imports of steel and aluminum, said people familiar with the development. India, along with Canada and Mexico held, Article 4 dispute settlement …

Steel, aluminium tariffs: India, US to hold talks in Geneva next week
6 years, 6 months ago

Steel, aluminium tariffs: India, US to hold talks in Geneva next week

Firstpost  

In May, India dragged the US to the WTO dispute settlement mechanism over the imposition of import duties on steel and aluminium. New Delhi: India and the US will hold consultations next week in Geneva to deliberate upon the case filed by New Delhi in the World Trade Organisation’s dispute settlement mechanism over the imposition of high import duties on …

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