India has decided to impose retaliatory measures against the EU’s steel tariffs, which have been in effect since 2018 and extended till June 2026, following failed bilateral engagements. The retaliatory measures involve increasing tariffs on select EU products, with a cumulative trade loss of $4.4 billion for India and EU collecting $1.1 billion in import duty. India seeks to impose an equivalent amount of duty on EU goods and has informed the WTO of its intentions.
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