Kolkata - India is stepping cautiously on its proposed imposition of retaliatory duties on EU goods for wrongful extension of safeguard tariffs on its steel as it is weighing diplomatic considerations such as action by other countries similarly hurt by the measures and an assessment of overall trade relations with the bloc, sources have said.

“New Delhi made it clear this September that it believes that the safeguard duties imposed on Indian steel by the EU are wrongful when it informed the WTO of its proposed retaliatory duties on imports from the bloc. However, it has still . . .