India sets 11-12% tariff on some steel imports for three years
Change
The tariff aims to protect India's steel industry from cheap imports mainly from China and other countries.
Why it matters
India has introduced a safeguard duty ranging from 12% to 11% over three years on select steel imports. The tariff targets shipments mainly from China, Vietnam, and Nepal, excluding specialty steels and some developing countries. This move aims to protect the domestic steel industry from serious injury caused by a sharp increase in cheap imports.
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