India is unlikely to retaliate against increased U.S. tariffs on steel and aluminum, as these tariffs are not specifically aimed at India. Instead, India is concentrating on establishing a favorable trade deal with the U.S.
India is likely to refrain from retaliating against the recent increase in U.S. tariffs on steel and aluminum. The current tariffs are not specifically aimed at India, making retaliation less probable. Instead, India is focusing on advancing a trade agreement with the U.S., aiming for a mutually beneficial arrangement. This contrasts with previous retaliatory measures, such as raising tariffs on U.S. products like almonds and apples during the Trump administration, which was a direct response to U.S. tariffs on Indian metal exports.
In summary, India is poised to maintain a non-retaliatory stance on new U.S. tariffs targeting steel and aluminum. The focus will be on fostering a trade deal rather than engaging in countering measures. The strategic decision seems to prioritize long-term trade relations over immediate retaliatory actions.
Original Source: www.moneycontrol.com
