Speaking to CNBC-TV18, former ambassador Jayant Dasgupta said that the differential rates applied to various countries – such as India, China, and the EU – contravene the WTO’s ‘Most Favoured Nation’ (MFN) principle, which generally requires equal treatment for all member nations’ exports. Furthermore, he noted that the new tariffs far exceed the committed upper limits (bound tariffs) the US agreed to uphold within the WTO framework.
