India is proposing retaliatory duties at WTO against US tariffs on auto parts. They say 25% import tariff on vehicles and some auto parts by US amounts to safeguard measures. India reserves the right to suspend concessions and other obligations equivalent to the adverse effects of US measures on India's trade.India reserves the right to increase tariffs on selected products exported by the US after 30 days from July 4th.Except UK and Vietnam, Trump's team hasn't done much progress with the other trade partners. Japan was said to be the easiest one and India was once expected to be the first trade deal to be signed. That went completely awry. Now this might still be the usual tariffs noise as they continue to negotiate and try to get concessions. Trump putting another deadline on August 1st should be the signal that things are not yet as bad as they look. This article was written by Giuseppe Dellamotta at www.forexlive.com.