India has proposed the suspension of concessions, thus increasing the growing prices on imports of aluminum, steel and derivatives from the United States, according to the World Trade Organization (WTO).
“The proposed suspension of concessions or other obligations takes the form of an increase in prices on certain products from the United States,” said India in the advice.
India has said that “safeguarding measures have been imposed by the United States on imports of aluminum and steel articles”. “The measures have not been informed by the United States to the WTO, but in substance, safeguarding measures. India maintains that the measures taken by the United States do not comply with GATT 1994 and AO Trade, “said India.
The safeguarding measures imposed by the United States, according to India, would affect $ 7.6 billion in imports of Indian aluminum, steel and derivative items, the collection of rights of which would be $ 1.91 billion.
“Accordingly, India’s proposed suspension of Concessions Would Result in an Equivalent Amount of Duty Collection from Products Original in the United States. To Ensure the Effective Exercise of its right to suspend substantially Equivalent Concessions or other obligations Reduced to in article 8.2, India reserves its right to add the products As well as the tariff rats.
President Donald Trump had made 25% prices on all steel and aluminum imports in the United States in March, aimed at supporting American manufacturing. The European Union responded in a few hours with reprisals on American exports. Canada has also announced more than $ 20 billion in countermeasures on American products.
