Retaliatory Tariffs Current Affairs, GK & News

WTO Panel rejects India’s claims on Steel issues with the US

The World Trade Organization panel on November 15, 2019, rejected several claims of India against US on steel duties. India earlier complained to the organization that the United States is breaching international trade rules in 14 areas. Following which, WTO had faulted US decision over imposition of countervailing duties on steel products from India. However, ..

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Tariff War: India levies retaliatory tariffs on 28 US products

In a tit-for-tat trade battle between the United States (US) and India, latter imposed higher tariffs on 28 American goods including almonds, apples and walnut in retaliation to US tariffs. Key Highlights Among targeted US products imported, the custom duty on walnut is increased from 30% to 120%, and on chickpeas, masur dal and Bengal ..

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