India Imposes 12% Tariff on Steel Imports to Curb Influx from China
India has implemented a 12% tariff on certain steel imports to protect its domestic industry from an influx of low-priced products, particularly from China, South Korea, and Japan. This decision arises from concerns about the viability of local steel manufacturers, especially small and medium-sized businesses. Set to last for 200 days, the tariff was recommended […]