India has decided to impose retaliatory tariffs on 29 goods imported from the U.S. from June 16.
- The tariffs will apply to $220-290 million worth of goods and will have about the same impact as the tariffs imposed by Washington on India last year.
The Commerce Ministry official :
- “India has decided to go ahead and impose the retaliatory tariffs on U.S. items,”
- “The deadline after which the tariffs would be imposed was supposed to be June 16. The notification to impose the tariffs will be issued by the Finance Ministry before then."
- The tariffs on the 29 goods — including walnuts, apples and some pulses — were initially announced in June 2018 in retaliation for U.S. President Donald Trump’s decision in March that year to impose higher import tariffs on Indian aluminium and steel. India had repeatedly asked for exemption from these higher tariffs.
However, negotiations continued for about a year, with India repeatedly extending the deadline for retaliatory tariffs. These talks, as well as negotiations on granting India duty-free imports of certain items under the U.S. Generalised System of Preferences (GSP), seem to have fallen through.
Source :
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