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India, EU send WTO lists of US products for possible tariff retaliation

India and the European Union have drawn up lists of U.S. products that could be subject to tariffs in response to President Donald Trump's levies on steel and aluminum, Reuters reported May 18, citing WTO filings.

India would target U.S. exports of cashews, palmolein and soya oil. The U.S. tariffs on aluminum and steel could cost India an additional $31 million and $134 million, respectively, Reuters said.

The EU's list includes exports of bourbon, corn, cranberries, peanut butter, rice and steel. The U.S. steel tariffs could cost the bloc $1.5 billion; the aluminum duties could cost $100 million.

Last week, the U.S. filed a complaint with the WTO, alleging that India under-reported its market price supports for wheat and rice.

The EU requested consultations with the U.S. over the tariffs on aluminum and steel at the WTO in April, and later sought to intervene in a trade dispute brought to the WTO by China over the U.S. levies.