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Trump Trade War - India to approach USTR - Commerce Ministry

Steel News - Published on Fri, 16 Mar 2018

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The Hindu Business Line reported that spelling out reasons why India doesn’t fit into the category of ‘security threat’, the Commerce Ministry will send a communication to the US Trade Representative’s (USTR) office, insisting that it remove India’s name from the list of countries penalised with higher import tariffs on steel and aluminium. Commerce Secretary Rita Teaotia told BusinessLine “The fact that India has been a long-standing security and economic partner to the US, that US exports to India increased USD 4 billion last year, and that Indian export of steel and aluminium to the US is much lower than some of the exempted countries, show that India can’t pose a security threat.”

She added that India will flag its concerns in the form of a formal communication to the USTR office and see how it responds to that.

BL report quoted another government official as saying that “It is very clear that the imposition of higher tariffs by the US has been quite arbitrary and it is open to giving country-specific exemptions. The only way to deal with it at the moment is to have bilateral talks. That is exactly what India is set to do.”

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Posted By : Sanju Moirangthem on Fri, 16 Mar 2018
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