India plans to impose retaliatory tariffs on the U.S

According to a report by Indian media on the 4th, India has notified the World Trade Organization (WTO) of its plan to impose retaliatory tariffs on certain American products in response to the U.S. measures of imposing tariffs on imported cars and parts from India. The report stated that India indicated in its notification that the U.S. tariff increase violates WTO rules and has a significant impact on bilateral trade. India has suspended tariff concessions in accordance with WTO rules while reserving the right to adjust the list of targeted products and tariff levels. The so-called "reciprocal tariffs" by the U.S. will have a 90-day grace period ending on July 9. Currently, India and the U.S. are still engaged in trade negotiations. Indian Minister of Commerce and Industry Piyush Goyal stated on the 4th that any trade agreement India is prepared to reach must align with its national interests, rather than just being an agreement reached before the deadline. Reports indicate that one of the main disagreements in the trade negotiations between India and the U.S. is India's reluctance to open its agricultural and dairy markets