Washington : Apna Punjab Media : Indian Prime Minister Narendra Modi recently visited the United States. During his stay, the two nations agreed to resolve six long-standing disputes at the World Trade Organization (WTO). U.S. steel news outlets watched this exchange particularly closely. This is because one of the subjects of debate was India’s imposition of retaliatory tariffs on U.S. products, including steel. Many analysts expect this development to stimulate trade between the U.S. and India while offering crucial tax benefits to Indian exporters.
According to a report in The Economic Times, U.S. Trade Representative Katherine Tai recently confirmed that India would remove the retaliatory tariffs it imposed in response to the U.S. Section 232 national security measures on steel and aluminum.
