India plans to impose tariffs on steel imports from China, regardless of improving bilateral relations.

India's plans to impose tariffs on steel imports, including from China, are expected to proceed despite improving relations between the two countries following a meeting between Prime Minister Narendra Modi and President Xi Jinping. A senior official indicated that the tariff strategy, driven by the impact of cheap imports on India's steel industry, will likely take up to six months to finalize. The steel ministry supports a temporary safeguard duty applicable to all countries, including those with free trade agreements.

October 24, 2024
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