However, the United States currently allows aluminium and steel imports from India free of additional duties. In return, India has removed import duties on 8 American products, including apples and walnuts.
According to the report, both India and the United States have agreed to establish a joint monitoring mechanism to allow Indian exports of at least 3.36 lakh tonnes of certain aluminium and steel products in a year without additional tariffs.
The report also states that the US Commerce Department has drafted the terms of reference for the joint monitoring mechanism. Once the mechanism is implemented, the officials will review it twice a year to determine if Indian exporters face any issues with the arrangement.
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
