India considering tariffs on American goods to counter Trump’s levy

India is considering Tariff According to a document presented to the World Trade Organization, the Trump administration’s steel and aluminum products on some items produced in the US to combat the duties of the Trump administration.

“The proposed suspension of concessions or other obligations takes an increase in tariffs on selected products arising in the United States,” is written on Monday in the document.

The document did not say what kind of products can be slapped with tariffs.

America, China reduced tariffs for 90 days after trade talks

In March, the Trump administration placed 25% levy on steel and aluminum imports, which was the expansion of the duties imposed earlier during the US President. Donald Trump’s First administration.

India is the second largest producer of raw steel.

The document states that potential counselors will affect $ 7.6 billion products made in India that have been imported into the US.

Commerce Secretary says that more deals to come after the US-UK trade agreement: ‘Going to run our economy’

At the top of the levy on steel and aluminum, the Trump administration threatens India’s goods 26% mutual tariffs. Both countries are working to secure a trade deal, India has offered to cut its tariff difference two-thirds with the US.

India, which has some of the world Highest tariff on importsThe first Trump has been criticized by Trump to be “tariff abuser”.

Asian countries have also imposed tariffs on steel from other countries. Last month, it mainly imposed 12% temporary tariffs to curb cheap steel imports from China.

Get Fox Business when you click here

While it demands domestic supply, India is also working to secure greater access to its steel exports through trade dialogue with partner countries.

Reuters contributed to this report.