India will not ‘bow down’ to US after steep tariffs, trade minister says | Trade War News

Analysts have warned that the 50 percent duty the US has imposed on Indian goods is akin to a trade embargo.

India will not “bow down” to the United States and will instead turn its attention to attracting new markets, its trade minister has said, in his first public remarks since the US’s stiff 50 percent tariffs on Indian goods took effect.

Speaking at a construction industry event in New Delhi on Friday, Piyush Goyal said India was “always ready if…