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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
This is a temporary tariff intended to curb the increasing imports of cheap steel from countries like China in order to protect the domestic industry.
India is going to impose a temporary tariff of 12% on steel imports to curb a rise in cheap imports of steel from China, according to a Reuters report citing a source.
The development comes a month after the Directorate General of Trade Remedies (DGTR) proposed a 12% tax as a safeguard duty on some steel imports, including China and Vietnam, for 200 days. Following this, a detailed investigation was conducted on the imports from December 2024 to find out their impact on India’s local steel industry. The final verdict on this matter was awaited.
“There is clarity that the …
