Negotiations are going on between India and America at this time about the trade agreement. Who will go in favor of this conversation and what will be decided. This will be known in the coming time. But at the moment, the situation of trouble with this trade agreement is over in steel and alummusium. India has already said that if the US puts tariffs on steel and alumunium, then India will retaliate and India will also reply tariffs. India has repeated this once again. Amidst the ongoing talks on the trade agreement, India has made it clear in front of the World Trade Organization that if the US tariffs steel and alummusium on India, then India will also impose counter tariffs.
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Meaning India’s stand against America is absolutely clear. If America puts tariffs, India is also not going to back down. This step of india Steel and alummunium are in response to American charges, which were levied as security measures. That too at a time when talks are going on between the two countries about the trade agreement. This time is very important. Both countries are talking on a trade agreement. Trying to find a middle way out. But Talk is not being made on steel and alumunium. The case has reached the World Trade Organization.
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After putting tariffs on steel and alumunium, India is constantly fighting its battle. Is saying that from America A 10 and 25 percent tariff has been imposed on steel and aluminum, it is wrong. India can also now impose 25 percent tariff on America. For the first time on March 12, the US imposed 25% tariff on imports of aluminum, steel and derived goods. On June 3, taxes were increased to 50%. WTO said in a letter that India reserves the right to accommodate products and tariff rates, without adversely affecting its former notification given to the Goods Trade Council and the Security Committee. This request has been made by the US in response to increasing the tariff rate from 25% perpendicular to 50%. At India’s request, it was broadcast among the members of the WTO.
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Communication states that the proposed suspension of concessions or other obligations can be taken as an increase in tariffs on select products produced in the US. It states that security measures will affect the import of related products from India to the US $ 7.6 billion in the US, on which the duty collection will be $ 3.82 billion. As a result of suspension of concessions proposed by India, the same amount of amount will be charged on the products produced in the US.