India Seeks Waiver from Steel Tariffs

Reuters reports: ” India has asked the United States to exempt it from higher tariffs on steel and aluminum, saying Indian exports of the two products did not pose a security threat to America… Last week, U.S. President Donald Trump suspended tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, the biggest U.S. trading partner, until May 1, 2018, as discussions continue. The administration said countries not on the list could discuss with Washington ways to address U.S. national security concerns caused by imports of steel from that country. India’s trade ministry has written to the U.S. government, asking that it also be exempted from the 25% levy on steel… “The tariffs will definitely affect our exports. And clearly, as far as the quantum is concerned and the type of steel is concerned, there is no such thing as a security threat to the U.S.,” Steel Minister Chaudhary Birender Singh told Reuters.” Link to Content

Categories: India, Steel