India plans to impose 12-30% tariffs on steel imports from China and Vietnam for five years.

India plans to impose tariffs of 12% to 30% on specific steel imports from China and Vietnam, targeting welded stainless steel pipes and tubes for five years. This measure aims to protect the domestic steel industry amid strained relations with China since their 2020 military clash. Indian Foreign Minister Subrahmanyam Jaishankar affirmed that India is open to business with China but emphasizes careful consideration of sectors and terms for engagement.

September 11, 2024
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