‘Protectionism will affect global trade’
India should drag the United States into the World Trade Organisation’s (WTO) dispute mechanism against the latter’s move to hike import duties on steel and aluminium, as the decision will impact exports and is not in compliance with the global trade norms, experts said.
The decision of the U.S. would not only impact India’s export of these goods to America but also affect global trade, Biswajit Dhar, a professor of economics at Jawaharlal Nehru University, said.
“Such decisions are protectionist in nature. India needs to approach the WTO against this move as it would severely hit global trade,” Mr. Dhar said.
Former Commerce Secretary G. K. Pillai said the country should take action against America and also raise duties on products like almonds, pistachio and Harley-Davidson motorcycles.