Sitting so far today, India finally responded against Trump tax policy the first time. India has assigned to pay tariffs on American products to the World Trade Organization (WTO). It is assumed that the US has been lifted in the answer to the United States by 25 per cent additional tariffs on steel and aluminum Import.
The Document sent to WTO clarified that the proposed concessions or other liabilities would increase the test of the proposed suspension. However, it is not yet made it clear that this tariff will apply to which specific products.
The United States applied 25 per cent tariff at the steel and aluminum from the other countries, including India. This is the expansion of the policy launched in the first term of Donald Trump in 2018. This step has had a direct impact on the country like India’s large steel produc. India is the world’s second largest nauseous producer producer.
India said in his document that the United States decision was affected by about 7. 7. 1.6 billion products that are exported in the United States. At the same time, Trump administration also talked to the racial tax on 26 per cent to Indian pets.
In this age of tariff war, India and America are in the process of giving a commercial trade deal to a commercial trade deal. According to Blueperg report, both countries can reach the two countries to the end of this year. India have indicated that he is ready to reduce your tariff gap with the United States to two-thirds.
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