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India Considers Suspending Trade Concessions at WTO Following US Tariff Action
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India Threatens WTO Action Over US Tariffs, May Suspend Trade Concessions
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CNBC TV18
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17-03-2026, 23:46
India Threatens WTO Action Over US Tariffs, May Suspend Trade Concessions
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India informed WTO it reserves rights to suspend trade concessions under Article 8 of the Agreement on Safeguards.
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This move comes in response to the US' imposition of high tariffs, which India views as a violation of WTO agreements.
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India requested consultations with the US under Article 12.3 of the WTO Agreement on Safeguards, but these did not occur.
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The government is assessing developments and engaging with the US, aiming for an Interim Agreement to reduce tariffs on Indian products.
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An Interim Agreement could see the US reduce tariffs to 0% on various Indian exports, including gems, pharmaceuticals, and auto parts.
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