ExclusiveIndia-US Trade Deal: Steel And Auto Tariffs Unlikely In First Tranche Of BTA
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India-US Trade Deal: Steel And Auto Tariffs Unlikely In First Tranche Of BTA
The US and President Trump are very firm on the tariffs and it's unlikely that there will be a rollback for India soon, Commerce Ministry sources said.
The US' higher tariffs on Europe and other steel producing countries in Asia may mean the global trade float can make its way to India (Photo by Markus Winkler on Pexels)
The Trump administration's steel, aluminium and auto tariffs -- which continue to pinch Indian exporters -- is unlikely to be addressed in the first tranche of the India-US bilateral trade agreement, according to Commerce Ministry sources. The negotiations concerning the 25% steel, aluminium, auto and auto components are not a part of negotiations currently and will not be addressed in the early harvest deal that is slated for comple...