India has submitted to the WTO a revised list of 30 items on which it proposes to raise customs duty by up to 50 per cent. The items include motor cycles, certain iron and steel goods, boric acid and lentils.
Duties hiked by the US on certain steel and aluminium products would have implications of about 241 million US dollars on India.
The raise in tariffs proposed by New Delhi too would have equal implications on America.
Earlier in May, India proposed to raise duties by up to 100 per cent on 20 products such as almonds, apples and specific motorcycles imported from the US.
The additional duty proposed to be hiked on these items ranges from 10 per cent to 100 per cent. The country has proposed this move under the WTOs Agreement on Safeguards. In March, US President Donald Trump imposed heavy tariffs on imported steel and aluminium items. India's exports of steel and aluminium products to America stood at about 1.5 billion US dollars every year.
Its exports to the US in 2016-17 stood at 42.21 billion US dollars, while imports were valued at 22.3 billion US dollars.
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