15 May, 2021

Indo-US Trade War: Maginot Lines For One And All

Tit-for-tat tariff hikes between India and the US are only a part of a widespread protectionist surge that threatens the global economy

Illustration by Sajith Kumar
Indo-US Trade War: Maginot Lines For One And All
outlookindia.com
2018-06-30T13:00:27+05:30

India’s decision to hike the import tariff on 30 US commodities from Aug­ust 4 was a tit-for-tat move aga­i­nst the Trump administration. But India also rushed to app­ease the US with an offer to import more gas and around 1,000 civilian aircraft over several years to balance the bilateral trade. Currently, India exports $24 bill­ion more than it imports from the US, which has been pushing for greater mar­­ket access to even the imbalance.

Read Also: India Retaliates To Trump's Duty Hike, Raises Import Duties On US Products

The latest round of the trade war bet­ween India and the US started in March when President Donald Trump signed two proclamations levying a 25 per cent tariff on steel and a 10 per cent tariff on aluminium imported from all countries except Canada and Mexico. This move impacted $1.5 billion...

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