India May Impose Steel Import Tax To Curb Chinese Influx
Edited By WION Video Desk
Published: Dec 19, 2024, 05:35 IST | Updated: Dec 19, 2024, 05:35 IST
India is planning to impose a safeguard duty of up to 25% on steel imports to curb a surge in cheap supplies, primarily from China. This proposal gained momentum during a recent meeting chaired by commerce minister Piyush Goyal, where small industries dropped their opposition after receiving assurances of affordable steel supplies.
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