India Imposes 3- Year Tariff on Some Steel Products to Curb Cheap Imports

Contributing sentiments towards policy:

58% : The levy, locally known as a safeguard duty, will be imposed at 12% in the first year followed by 11.5% in the second year and then 11% in the third year.The measure, which was published on the official government gazette, excludes imports from certain developing countries, though China, Vietnam, and Nepal will be subject to the levy.

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