India Follows Vietnam in Imposing Steel Tariffs on China

The Finance Ministry of India announced on Monday that it would be imposing a 12 percent tariff on some steel products — a move apparently intended to prevent China from “dumping” large amounts of steel into the Indian market and elbowing domestic companies out of business.Indian officials had floated the potential of a 12 percent “safeguard duty” in late March in anticipation of news that the United States could impose tariffs that would lead China to see alternative markets to America for products that Americans would no longer want to buy at higher prices. President Donald Trump announced a wave...