India and the European Union have given the World Trade Organization lists of the US products that could incur high tariffs in retaliation for US President Donald Trump's global tariffs on steel and aluminium, WTO filings showed on Friday.
Reuters
India and the European Union have given the World Trade Organization lists of the US products that could incur high tariffs in retaliation for US President Donald Trump's global tariffs on steel and aluminium, WTO filings showed on Friday.
The EU said Trump's steel tariffs could cost USD 1.5 billion and aluminium tariffs a further USD 100 million, and listed rice, cranberries, bourbon, corn, peanut butter, and steel products among the US goods that it might target for retaliation.
India said it was facing additional US tariffs of USD31 million on aluminium and USD 134 million on steel, and listed US exports of soya oil, palmolein and cashew nuts among its potential targets for retaliatory tariffs.