duties on steel and aluminium

duties on steel and aluminium

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When Vance arrives in India, therefore, India should put its best foot forward, reminding the U.S. trade representatives that unlike China, it has not artificially inflated manufacturing capabilities to create significant surplus returns. Although India has already approached the World Trade Organisation (WTO) for consultations over the U.S.’ imposition of 25% import duties on steel and aluminium products, it will be wise not to initiate a dispute at the WTO whilst negotiating a BTA.[4] Delhi needs to also keep in mind that the West, which sees India as a credible counterweight to China, is asking it to reform and come out of its lackadaisical approach to trade and foreign direct investment. Therefore, negotiating and finally concluding a BTA with the US will compel India to bring in the much-needed industrial and agricultural reform. As economist Surjit Bhalla puts it, this is India’s “second 1991 moment สล็อตเว็บตรง