India Notifies WTO Of USD 3.8 Bn In Retaliatory Tariffs On U.S. Goods

New Delhi, Jul 11 (KNN) India has significantly increased its planned retaliatory measures against United States tariffs on steel and aluminium imports, despite ongoing bilateral trade agreement negotiations between the two nations.

The escalation comes as both countries engage in intensive discussions over a comprehensive trade deal.

In a formal notification submitted to the World Trade Organisation, India announced plans to impose additional import duties totalling USD 3.82 billion on US goods.

This represents a substantial increase from previous retaliatory measures and reflects India's response to heightened US tariff actions.

The latest round of Indian retaliation follows the United States' decision to double its tariffs on steel and aluminium imports from 25 per cent to 50 per cent on June 3.

This tariff increase affects approximately USD 7.6 billion worth of Indian exports to the US market, with the higher d