India and the European Union have taken the United States to the World Trade Organization’s dispute settlement mechanism, over the high import duties the Donald Trump administration has imposed on steel and aluminium.
“India has filed a dispute under the aegis of the WTO on the issue of imposing import duties by the US on certain steel and aluminium products,” an unidentified official said according to PTI. On March 9, Trump had signed proclamations imposing a 25% tariff on steel and a 10% tariff on aluminium imported from all countries except Canada and Mexico.
India said it was facing import duties amounting to $31 million (Rs 211 crore) on aluminum and $134 million (Rs 911 crore) on steel, and said it might target US exports of soya, cashew nuts and palm oil for retaliatory tariffs, Reuters reported.
The European Union said Trump’s steel tariffs could cost it $1.5 billion (Rs 10,200 crore) and aluminum tariffs $100 million (Rs 679 crore). It said it could impose retaliatory import duties on rice, cranberries, bourbon, corn, peanut butter and steel products that the US exports.