India to impose tariffs on some US goods

CNC
Added On August 6, 2018

India says new higher tariffs against some goods imported from the United States will come into force on September 18.
 
New Delhi, incensed by Washington's refusal to exempt it from new tariffs, decided in June to raise import tax from August 4 on some U.S. products, including almonds, walnuts and apples, and later delayed the move.
 
Officials from New Delhi and Washington are scheduled to hold a series of meetings including strategic talks with their Indian counterparts in September.
 
Trade differences between India and the United States have been rising since President Donald Trump took office.
 
Bilateral trade rose to 115 billion US dollars in 2016, but the Trump administration wants to reduce its 31 billion dollars deficit with India, and is pressing New Delhi to ease trade barriers.
 
India, the world's biggest buyer of U.S. almonds, in June decided to raise import duties on the commodity by 20 percent, joining the European Union and China in retaliating against Trump's tariff hikes on steel and aluminium.
 
It had also planned to impose a 120 percent duty on imports of walnuts in the strongest action yet against the United States.