The commerce department recommended a tariff of at least 53% on all steel products from India, which accounted for 2% of the US’ steel imports in 2017, according to the International Trade Administration of the US department of commerce.
The department recommended global tariff of at least 24% on all steel products and 7% on all aluminium imports.
The recommendations were presented to Trump last after he authorised the probes under a 1962 trade law that has not been invoked since 2001.
He will announce his decision in mid-April.
If these recommendations are accepted and implemented by Trump, it could trigger a trade war if targeted the countries retaliated.
The other 11 countries for the selective hikes were Brazil, China, Costa Rica, Egypt, Malaysia, Republic of Korea, Russia, South Africa, Thailand, Turkey and Vietnam.
“I am glad that we were able to provide this analysis and these recommendations to the President,” said commerce secretary Wilbur Ross in a statement. “I look forward to his decision on any potential course of action.”
Source : hindustantime
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