India proposes retaliatory tariffs against US’ auto duties at WTO
“Protection measures will affect the importation of $ 2,895 billion per year for the United States, which will be $ 723.75 million in the beginning of the task collection,” Protection measures, which are at the beginning of India and will be 723.75 million dollars. ” He said.
The proposed suspension of privileges or other obligations will be in the form of an increase in tariffs on selected products arising from the USA.
“Accordingly, the suspension of the concession suggested by India will result in the equivalent amount of products caused by the United States,” he said.
Last month, India asked for consultations with the US after the import of Washington’s passenger vehicles and light trucks and 25% advertising for some automobile pieces caused by India or India.
Last year, the United States globally imported $ 89 billion of automobiles, Mexico is $ 36 billion, China is 10.1 billion dollars, and India is just $ 2.2 billion. In May, India proposed to implement retaliation tasks on some DTO American products to resist American steel and aluminum tariffs on behalf of Safegeard measures. New Delhi told the DTO that these measures would affect the US $ 7.6 billion imports.
This year, on March 26, the US, the importation of passenger vehicles and light trucks and 25% advertising from India in the form of a 25% advertising Valorem tariff increase in the form of protection measures adopted.
These measures are valid as of automobile parts and for an unlimited period of May 3, 2025.
The measures are not reported to the DTO by the US, but in essence, measures maintain measures. India argued that the measures taken by the United States were not consistent with the 1994 General Agreement and Protection Agreement.
India has not consulted by India on these tariffs, because India reserves the right to suspend concessions or other obligations.
Development is gaining importance as a trade agreement expected to be announced before 9 July, when the 90 -day pause time for Washington’s retaliation tariffs ended for retaliation tariffs.
