RTRS-Delhi In Talks w/US On Steel, Aluminium Tariffs

Reuters reporting that the Indian gov't is in discussions with the United States regarding the potential for an exemption on Trump-era tariffs on steel and aluminium. The report states that India is willing to remove some retaliatory tariffs in return. According to Reuters' sources, the two sides are looking to have an agreement ready to go by the time of Indian PM Narendra Modi's state visit to the US on 22 June.

• The mood is not entirely positive, though, with the report stating that, "However, U.S. negotiators were not "flexible", leading to doubts over a possible exemption on tariffs on steel, one of the sources said. "We are discussing, (but) they are not very flexible whether there will be any substantial outcome,"
• The Biden administration would undoubtedly face significant domestic opposition to any hint of removal of the Section 232 tariffs, with figures from the politically powerful US steel sector having voiced loud and consistent support for the 25% and 10% levies on steel and aluminium respectively.