US trade representative Robert Lighthizer said his office is actively discussing India’s exemption from the Trump tariff hikes. Photo: BloombergNew Delhi: India is unlikely to be granted an exemption from the higher tariffs on imports of steel and aluminium imposed by the US—its name is missing from a list of probable partner countries the US is considering for a reprieve. So exemption to India should also be available on the same ground,” she added. India, the world’s 14th-largest steel exporter, exported iron and steel worth $320 million and aluminium worth $350 million to the US in 2016-17. The US ranked seventh as a destination for India’s steel exports, accounting for 5% of exports.

Source: Mint March 22, 2018 21:56 UTC