India will impose higher retaliatory tariffs on U.S. products starting Sunday. The tariffs, which will affect products like almonds, apples and walnuts, are in response to Washington's withdrawal of key trade privileges for New Delhi.
NEW DELHI - India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi.
The new duties take effect from Sunday, a government notification said, in the latest trade row since U.S. President Donald Trump took office in 2017 vowing to act against countries with which Washington has a large trade deficit. From June 5, President Trump scrapped trade privileges under the Generalized System of Preferences for India, the biggest beneficiary of a scheme that allowed duty-free exports of up to $5.6 billion.India was preparing to levy higher tariffs ahead of Prime Minister Narendra Modi's first meeting with Trump on the sidelines of a G20 summit in Japan on June 28 and 29.
India initially issued an order in June last year to raise import taxes as high as 120% on a slew of U.S. items, incensed by Washington's refusal to exempt it from higher steel and aluminum tariffs. 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.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
India to impose retaliatory tariffs on 28 U.S. goods from SundayIndia will impose higher retaliatory tariffs on 28 U.S. products including almon...
Consulte Mais informação »
Body of a 7-year-old girl from India is found in the Arizona desertThe body of a 7-year-old girl believed to be from India was found in a remote desert area in Arizona, the US Customs and Border Protection said.
Consulte Mais informação »
India is hitting the United States with more tariffsIndia will increase tariffs on US exports effective June 16, the country's finance ministry said. Goods targeted include apples, almonds, lentils and several chemical products.
Consulte Mais informação »
Why India vs Pakistan at the World Cup is the hottest ticket in cricketIndia and Pakistan have a fraught relationship at the best of times, but when it comes to cricket, the competition takes on a whole different agenda.
Consulte Mais informação »
Cricket: India clash is 'must-win' for Pakistan, says GavaskarPakistan will be the team under pressure in Sunday's World Cup clash agains...
Consulte Mais informação »
Cricket’s increasing sizzle owes much to IndiaScoring rates have surged in the short T20 format
Consulte Mais informação »