No urgency to put retaliatory tariffs on US, says Indian official

India on Tuesday informed the WTO that the safeguard measures by the US would affect $7.6 billion exports by India into the United States

India notifying the World Trade Organization (WTO) on its intention to retaliate against the steel and aluminium safeguard duties by the US is procedural, and is only meant to reserve the right to take counter-measures, a commerce ministry official said on Tuesday.

 

“We had to file the notification by May 12 as the 30-day deadline was ending on that day. India had requested consultation with the US at WTO on the matter on April 11. Other countries like the UK (May 9) and Japan (May 12) also have filed their notifications to the WTO on the matter. Since we are