India to impose tariffs on 29 US products: Media reports

The media reports added that India is now looking at adopting the higher tariffs, although the US has warned that any retaliatory tariffs by India would not be "appropriate" under WTO rules.

Jun 14, 2019 09:06 IST India Infoline News Service

According to the media reports, India has decided to impose tariffs on 29 US products. The higher tariffs on some US goods include almonds, walnuts and apples next week after a delay of about a year, following Washington's withdrawal of key trade privileges for New Delhi.

The media reports added that India is now looking at adopting the higher tariffs, although the US has warned that any retaliatory tariffs by India would not be "appropriate" under WTO rules.

Further, India has repeatedly postponed imposing the retaliatory tariffs on US goods worth $235mn since it first announced them on June 20 last year. The current deadline expires on June 16.

India initially issued an order in June last year to raise import taxes as high as 120% on a slew of US items, incensed by Washington's refusal to exempt New Delhi from higher steel and aluminium tariffs. But New Delhi repeatedly delayed raising tariffs as the two nations engaged in trade talks. Trade between them stood at about $142.1bn in 2018, the media report added.

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