India Plans to Hit Back at US Tariffs – Here’s What’s Happening:
India has told the World Trade Organization (WTO) that it wants to fight back against the high tariffs the US has put on Indian auto exports. These US taxes could hurt ₹6,000+ crore worth of Indian goods. So India plans to charge the same amount in return for US products.
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The US added a 25% tax on Indian vehicles and parts
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It affects about $2.89 billion (₹24,000+ crore) worth of Indian exports
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India plans to hit back with ₹6,000 crore worth of its own tariffs
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No list yet of which US products will be taxed
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This move comes before a key July 9 deadline for a trade deal
👉 Why this matters: This is about standing up for Indian exports. If both countries don’t sort this out, it could lead to higher prices and fewer jobs.
🔗 Source: Reuters
Curated by Articoli News
🖋️ Written and summarized by our editorial team using AI assistance and human review.
📚 Sources: Market insights on the internet and other verified media platforms.
✅ We credit all sources and focus on accurate, simplified, and growth-driven news only.
🙋 Have a story or opinion? Submit your article or comment below.
👤 Edited & Approved by Debraj Paul, Founder of Articoli News.
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