India proposes reprisal duties against American steel, and aluminum hypothesis

India has suggested suspending concessions, thus increasing the customs tariffs on imports of aluminum, steel and derivative articles that arise in the United States.

India said in the notification: “The proposed comment of concessions or other obligations takes an increase in the definitions on the chosen products that arise in the United States.”

“Protection measures were imposed by the United States on the imports of articles of aluminum and steel,” India said. “The measures have not been notified by the United States to the World Trade Organization, however, in essence, protection measures. India confirms that the measures taken by the United States are not consistent with the GATT 1994 and AOS. It is stipulated in Article 12.3, AOS did not happen, and India takes care of rights. Trade,” India said.

India said that the protection measures imposed by the United States will affect the imports of $ 7.6 billion in Indian, steel and derivative aluminum, which will be the rating of $ 1.91 billion.

“Accordingly, the proposed India’s suspension of concessions may lead to an equivalent amount of duty collected from products that arise in the United States. To ensure effective practice of their right to suspend significantly equivalent concessions or any other obligations referred to in Article 8.2 required.

President Donald Trump imposed a 25 percent tariff on all steel and aluminum imports to the United States in March, which aims to support American manufacturing. The European Union responded within hours with a retaliatory tariff for US exports. Canada has also announced more than $ 20 billion of American anti -goods measures.