India considering tariffs on US goods to counter Trump's levies
India is considering placing tariffs on some goods produced in the U.S. to counter the Trump administration's duties on steel and aluminum products.
India is considering placing tariffs on some goods produced in the U.S. to counter the Trump administration's duties on steel and aluminum products, according to a document submitted to the World Trade Organization.
"The proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the United States," the document dated Monday reads.
The document did not disclose what kind of products may be slapped with tariffs.
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In March, the Trump administration put 25% levies on steel and aluminum imports, which were an extension of duties first imposed during U.S. President Donald Trump's first administration.
India is the world's second-largest producer of crude steel.
The document said the potential countermeasures would impact $7.6 billion worth of products made in India that are imported into the U.S.
On top of the levies on steel and aluminum, the Trump administration has threatened reciprocal tariffs of 26% on India's goods. The two countries are working to secure a trade deal, with India offering to cut its tariff gap with the U.S. by two-thirds.
India, which has some of the world's highest tariffs on imports, has previously been criticized by Trump for being a "tariff abuser."
The Asian country has also imposed tariffs on steel from other nations. Last month, it imposed 12% temporary tariffs to curb imports of cheap steel, primarily from China.
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While it seeks to stem supply domestically, India is also working to secure greater access for its steel exports through trade talks with partner countries.
Reuters contributed to this report.
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