European Union Might Choose Retaliatory Tariffs On Indian Goods

Brussels has warned to levy retaliatory tariffs on Indian goods if New Delhi doesn't comply with the World Trade Organisation (WTO) verdict against its customs taxes on electronic goods like smartphones, which could potentially lead to trade tensions between India and the European Union (EU). The EU has legislation in place (the Enforcement Regulation) that allows it to enforce its rights by imposing customs duties or other restrictions in response to an appeal into the void, should the EU decide to do so, the spokesperson for the EU stated in a written response to a questionnaire sent by Business Standard.