India revises retaliatory duties on US imports amid trade talks over steel, aluminium tariffs

India has revised its retaliatory duty proposal against the US over steel and aluminium tariffs, responding to a hike from 25% to 50%. Under WTO norms, India aims to impose equivalent tariffs on select US products, potentially raising duties on $7.6 billion worth of US imports. This move comes amid ongoing talks for a bilateral trade agreement.