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Tuesday 20th March 2018

India Imposes Higher Tariffs on US Goods


7Dnews London

Sun, 16 Jun 2019 09:32 GMT

India will impose higher tariffs on 28 US products including almonds, apples and walnuts from Sunday, June 16th, in response to Washington’s withdrawal of trade privileges for New Delhi, reported Reuters.

The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in 2017 vowing to act against countries with which Washington has a large trade deficit. 

President Trump cancelled trade privileges granted for India, represented in duty-free exports estimated at $5.6 billion on June 5th. India termed that "unfortunate" and vowed to uphold its national interests. 

India, incensed by Washington's refusal to exempt it from higher steel and aluminium tariffs, issued an order in June last year to raise import taxes as high as 120% on a list of US items,. 

But New Delhi repeatedly delayed raising tariffs as the two nations engaged in trade talks. Trade between them stood at about $142.1 billion in 2018. 

India on Saturday amended its previous order "to implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA" while preserving the existing rate for these goods for all other countries, the government notification said. 

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