The Headlines – India’s UK trade deal skips carbon tax exemption, hits steel and aluminium exports: GTRI

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The Headlines – India’s UK trade deal skips carbon tax exemption, hits steel and aluminium exports: GTRI

India’s new trade deal with the UK lacks carbon tax exemptions. This could hurt Indian exports like steel and aluminium starting 2027. The UK will impose carbon taxes following the EU’s lead. Ajay Srivastava of GTRI highlights the trade imbalance. Indian exports worth $775 million may face tariffs. India views carbon taxes as discriminatory.

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