In what could potentially aggravate trade tension between India and the US, India has decided to impose the long pending retaliatory tariffs on 29 US products after Washington last week withdrew duty-free benefits for Indian exporters.
India will impose retaliatory tariffs on 29 U.S. items—including almonds, walnuts and pulses—from June 16, after extending the deadline for doing the same several times, government sources said.
India has informed the U.S. about its decision to go ahead with the retaliatory tariffs, the sources said. The finance ministry will soon issue a notification to this effect, they added. The retaliatory tariffs are estimated to earn India $217 million in additional revenue.
But it is yet not clear whether the list includes Harley-Davidson motorcycles on which India reduced import duty to 50% from 100%.
In what could potentially aggravate trade tension between India and the US, India has decided to impose the long pending retaliatory tariffs on 29 US products after Washington last week withdrew duty-free benefits for Indian exporters.
India will impose retaliatory tariffs on 29 U.S. items—including almonds, walnuts and pulses—from June 16, after extending the deadline for doing the same several times, government sources said.
India has informed the U.S. about its decision to go ahead with the retaliatory tariffs, the sources said. The finance ministry will soon issue a notification to this effect, they added. The retaliatory tariffs are estimated to earn India $217 million in additional revenue.
But it is yet not clear whether the list includes Harley-Davidson motorcycles on which India reduced import duty to 50% from 100%.