India is reassessing its proposal to impose retaliatory tariffs on selected US goods, citing violations of World Trade Organization (WTO) rules after Washington raised tariffs on steel and aluminum from 25% to 50%. These tariffs, originally implemented during Donald Trump's presidency, have significantly impacted Indian exports, causing losses estimated at $7.6 billion. In response, India is considering duties amounting to $3.82 billion, according to documents submitted to the WTO.

The proposed measures would suspend concessions previously granted to US-origin goods and may include increased tariffs targeting specific American imports. A similar proposal was made in May, when India considered duties totaling $1.91 billion in response to earlier metal product levies.

These developments come amid ongoing trade negotiations between the two nations. An Indian delegation is scheduled to visit Washington next week to engage in talks covering both short-term and comprehensive trade agreements.

Meanwhile, India's steel trade figures for April and May of the 2025–2026 financial year show a decline. Rolled product imports dropped by 27.6% year-on-year to 0.9 million tons, while exports fell by 18.1% to 0.8 million tons. Belgium has emerged as India’s leading export market for rolled steel products.