‘Will not discuss…’: US tells WTO that India has no basis to impose retaliatory duties on 29 American pro

The United States has firmly communicated to the World Trade Organization (WTO) that it will not entertain discussions regarding India's proposed retaliatory duties on 29 American products. This response comes after India announced its intention to impose these duties, arguing that the US tariffs could adversely impact $7.6 billion worth of Indian imports. The US delegation emphasized that India's claims lack a valid basis within the framework of international trade agreements. India's proposal is seen as a countermeasure to the tariffs imposed by the US on steel and aluminum products, which have been a point of contention between the two nations. Indian officials argue that the US tariffs are unjust and violate global trade norms, prompting their decision to seek redress through retaliatory duties. This move reflects a broader strategy to safeguard India's economic interests and protect its domestic industries from what it perceives as unfair trade practices. The ongoing dispute highlights the complexities of international trade relations and the challenges faced by the WTO in mediating such conflicts. Both countries are critical players in the global market, and their trade policies can have significant ripple effects. As the situation unfolds, the international community will be closely watching how these negotiations progress and their potential impact on global trade dynamics.

— Authored by Next24 Live