India proposes counter duties against US, notice to WTO shows ...Middle East

“The proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the United States,“ India said in the notice dated Monday.

India, the world’s second-largest crude steel producer, told the WTO that Washington’s “safeguard measures” would affect $7.6 billion worth of India-made products imported into the United States.

India’s proposed duties on U.S. products comes as the two countries are set to clinch a trade deal, with New Delhi offering to slash tariff gap by two-thirds.

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