The Financial Express, India’s financial daily, quoted unnamed sources, as saying the US has indicated that it will consider a waiver to India from its 25% additional tariff on steel, provided New Delhi offers an acceptable proposal to lower the volume of its supplies of the metal to the world’s biggest economy. Key Details: “New Delhi has estimated that the US could mop up $198.6 million from additional duty on steel and $42.4 million on aluminum. Its submission to the WTO was based on the fact that the US imported Indian steel worth $794.6 million and aluminum worth $424.3 million in 2017. Accordingly, New Delhi has notified retaliatory plans “” the duty on American apples will be raised by 25% and almonds by 20%. Among other items, India has notified an extra tariff of 10% on diagnostic reagent and binders for foundry molds, 15% on certain steel products, 10% on select pulses and 15% on phosphoric acid. These duties are proposed to be made effective from August 4 unless both countries work out a solution.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China central bank lifts yuan reference rate by the most in 3 weeks FX Street 5 years The Financial Express, India's financial daily, quoted unnamed sources, as saying the US has indicated that it will consider a waiver to India from its 25% additional tariff on steel, provided New Delhi offers an acceptable proposal to lower the volume of its supplies of the metal to the world's biggest economy. Key Details: "New Delhi has estimated that the US could mop up $198.6 million from additional duty on steel and $42.4 million on aluminum. Its submission to the WTO was based on the fact that the US imported Indian steel worth $794.6 million and aluminum worth $424.3 million… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
