India Doubles Tariffs to ₹3.8B in Strong Response to Trump's Duties

India Ups WTO Ante, Matches US Steel Tariffs with $3.8B Retaliation

India has doubled proposed retaliatory tariffs to $3.8B at the WTO, directly countering the US decision to hike steel/aluminum duties to 50%. The move signals hardened trade defenses as bilateral negotiations miss deadlines. With a new August 1 pause deadline looming, India’s calibrated escalation aims to pressure talks while asserting WTO rights.

Key Points:

Proportional Response: Retaliation matches US tariff hike scale (previously $1.9B)

Strategic Timing: Overlaps with fragile trade deal talks (deadline: Aug 1)

WTO Leverage: Reserved right to adjust tariffs/products as talks progress