A top official from the US Trade Representative has said the recent retaliatory measure by India against America’s decision to impose import tariff on steel and aluminum was not “appropriate”. Deputy USTR Jeffrey Gerrish yesterday told a Washington audience that the last year’s reduction in US-India trade deficit was not satisfactorily enough.
“We were disappointed with the fact that India actually has imposed retaliatory measures… actually it’s not imposed them yet but announced retaliatory measures. “They (India) are approaching this as a safeguard metric that we have imposed.
On that basis, they’ve determined that they have a basis to impose retaliatory measures,” Gerrish said yesterday. The imposition of import tariff on steel and aluminum is not a safeguard measure, he said, adding that the safeguard measure was taken recently on washers and a solar panel.
“We know how to do a safeguard measure. So there’s no basis at all to retaliate against us,” he said at the first Annual Leadership Summit of US India Strategic and Partnership Forum (USISPF) here. Read More
Latest posts by Financial Express (see all)
- Cleanest railway stations in India 2019: These Indian Railways stations showed the best improvement; top 10 - October 15, 2019
- Delhi Metro to construct 2 new Metrolite corridors between Rithala-Narela, Kirti Nagar-Dwarka ECC; details - October 15, 2019
- Festive cheer for Indian Railways passengers! 10 new Sewa Service trains launched today; full list of routes - October 15, 2019