{"id":30768,"date":"2018-10-26T18:09:20","date_gmt":"2018-10-26T12:39:20","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30768"},"modified":"2018-10-26T18:09:20","modified_gmt":"2018-10-26T12:39:20","slug":"u-s-move-to-raise-import-duty-may-hit-domestic-steel-market","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/u-s-move-to-raise-import-duty-may-hit-domestic-steel-market\/","title":{"rendered":"\u2018U.S. move to raise import duty may hit domestic steel market\u2019"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/us-move-to-raise-import-duty-may-hit-domestic-steel-market\/article22972469.ece\"><b>\u2018U.S. move to raise import duty may hit domestic steel market\u2019<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">According to Indian Steel Association (ISA), the proposal by the Trump administration to levy a steep tariff on steel imports would encourage steel-surplus nations to divert their exports India<\/span><\/p>\n<p><b>Details:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The association has said that U.S. move to club India, a steel non-mature country, with other steel surplus nations \u201cis not appropriate.\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">He added that the U.S. proposal would dent the growth prospects of a developing nation like India, whose production and consumption were inward looking.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Further, the proposal, if implemented, would result in major shifts in existing global trade flows of steel and steel products<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">ISA also pointed out that there were a total of 16 trade remedies in place in the U.S. against Indian steel companies. This included 10 anti-dumping and six countervailing duties.<\/span><\/li>\n<\/ul>\n<p><b>Additional Information:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Though India is the third largest producer of steel and produces 12% of the world\u2019s non-Chinese production of steel, it has only a 2.7% share in the U.S. imports<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018U.S. move to raise import duty may hit domestic steel market\u2019 Context: According to Indian Steel Association (ISA), the proposal by the Trump administration to levy a steep tariff on steel imports would encourage steel-surplus nations to divert their exports India Details: The association has said that U.S. move to club India, a steel non-mature&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/u-s-move-to-raise-import-duty-may-hit-domestic-steel-market\/\">Continue reading <span class=\"screen-reader-text\">\u2018U.S. move to raise import duty may hit domestic steel market\u2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30768","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704659858},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30768"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30768\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}