[SMM Iron & Steel] India Considers Retaliatory Withdrawal of FTA Concessions Over UK Steel Safeguard Policies

Published: Jun 4, 2026 14:42

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The Indian government is actively evaluating the withdrawal of specific tariff concessions previously granted to the UK under ongoing free trade agreement (FTA) negotiations, acting as a direct retaliation against the UK’s plan to extend its steel safeguard measures. The UK’s proposed measure aims to impose a restrictive tariff-rate quota (TRQ) system with a 25% punitive customs duty on any imports exceeding specified historical limits, heavily penalizing Indian steel exporters. In response, India has submitted a proposal to the World Trade Organization (WTO) outlining targeted suspension of concessions on UK imports matching the exact trade value disrupted by the British safeguards.

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