US Trade Threat Spreads to India

US President Donald Trump’s trade war has spread to India, where, in a significant ratcheting up of trade tensions between New Delhi and Washington, the Indian government has formally notified the World Trade Organization of its decision to hike import tariffs on 30 items from the US worth US$240 million. The retaliatory barriers are equal in value to US tariffs slapped on steel and aluminium from India by the US administration in March.

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