Will wait for US notification to see impact of tariff hikes: India

To Subscribe

Will wait for US notification to see impact of tariff hikes: India

New Delh: India on Friday said it is waiting for the US notification on hike in import tariff on steel and aluminium to gauze its impact on domestic players amid global outcry over the America's decision to increase duties beyond its commitment at the WTO. US President Donald Trump has imposed heavy tariffs on imported steel and aluminium, sparking fears of a global trade war.

Trump signed two proclamations that levied a 25 per cent tariff on steel and a 10 per cent tariff on aluminium imported from all countries except Canada and Mexico. The contentious tariffs will go into effect in 15 days. Talking to reporters here, Commerce Secretary Rita Teaotia said there is a 'disquiet' as the US has raised duties on certain items beyond the bound rates or its commitment at the World Trade Organisation. When asked what would be impact of the US duty hike on India, the Secretary said 'of course' there would be some impact as India is an exporter. 'We will wait to see what from it (US notification on tariff hike) will take,' she said.