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Govt plans up to 25% temporary tax on steel imports: Report
short by Mansi Agarwal / on Tuesday, 17 December, 2024
The government plans to impose up to 25% "safeguard duty" or a temporary tax on steel imports to curb cheap Chinese imports, Reuters reported. Small industries reportedly agreed to the proposal after receiving assurances that they would not be affected by higher steel prices. The duty will be imposed after an investigation, an industry official said.
read more at Reuters