India is unlikely to respond to the US’s increased tariffs on steel and aluminium, focusing instead on enhancing a trade deal with the US, as these tariffs are not explicitly targeting India.
India seems unlikely to retaliate against the recent steeper tariffs imposed by the United States on steel and aluminium. Unlike previous instances during the Trump administration, when India responded by increasing tariffs on American products such as almonds and apples, the current tariffs are not specifically aimed at India. Consequently, India is placing greater emphasis on advancing discussions surrounding a potential trade deal with the United States, aiming for a mutually beneficial arrangement.
In summary, India does not plan to retaliate against the United States for increased tariffs on steel and aluminium. The focus of India remains on fostering a cooperative trade relationship, particularly as negotiations for a beneficial trade agreement continue to develop.
Original Source: www.moneycontrol.com
