The United States Imposed High Custom Duty On Steel And Aluminium Products
The United States has imposed a global tariff of 25% and 10% in March 2018 on certain steel and aluminium products, respectively, under Section 232 of the US Trade Expansion Act of 1962. India took up this issue at the World Trade Organisation(WTO) as it considers these additional duties to be non-compliant with WTO provisions.
India has retaliated against the US by imposing additional customs duties on 29 items originating from the US under the provisions of the WTO Safeguard Agreement. India has also challenged these measures as inconsistent at the WTO level and asked US to bring these measures to be consistent with WTO provisions. A dispute settlement panel has been established by DSB on 4th December 2018 to adjudicate in the dispute.
This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Lok Sabha.