Core Viewpoint - India has notified the World Trade Organization (WTO) of its proposal to impose counter-tariffs on certain products manufactured in the United States, in response to the tariffs imposed by Washington on India's steel and aluminum products [1] Group 1 - India is targeting products imported from the U.S. as a retaliatory measure against U.S. tariffs [1] - The proposed tariffs are aimed at countering the impact of U.S. tariffs on Indian steel and aluminum [1]

Group 1 - Canada has imposed tariffs on Chinese-made electric vehicles (EVs), prompting China to retaliate with tariffs on Canadian agricultural products, including a 100% additional tariff on canola oil [1] - The price of canola, a key raw material for cooking oil, has sharply declined, with Canadian canola futures closing at CAD 552.9 per ton on March 13, marking a 12% drop compared to the previous week and reaching the lowest point since mid-September 2024 [1] - China is expected to strengthen its countermeasures against Canada, including anti-dumping investigations on canola imports, which may lead to a decrease in global demand for canola [1] Group 2 - Market analysts suggest that speculators have begun to close their long positions in canola, with prices potentially falling to the range of CAD 550 to CAD 550 [1]