India considers retaliatory customs duties on EU goods due to unresolved EU safeguard measures on steel products.
India is considering imposing retaliatory customs duties on EU goods, as ongoing trade talks have failed to resolve EU safeguard measures on certain steel products, impacting India's major steel exports to Europe. The EU extended their safeguard duties until 2026, and India argues that these measures violate WTO norms. The country may now propose retaliatory measures under WTO rules.
June 17, 2024
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