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India just hit the US with more tariffs



Tariffs for several US products will come into force on June 16, the Finance Ministry said in a statement Saturday. Targeted goods include US apples – which will be affected by a 70% tariff – as well as almonds, lentils and several chemical products. Indian steel and aluminum. But it repeatedly postponed their imposition as the two sides held a series of trade talks. The two countries exchange goods and services worth around $ 196 billion a year, but relations have worsened in recent weeks after the Trump administration ceased India's participation in a preferential trade program earlier this month. The Program Releases Indian Goods worth Over US $ 6 Billion US Import Duty In 201
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One of President Donald Trump's most important priorities is the reduction of US trade deficits with countries around the world. Last month, his administration raised tariffs to 25 percent from 10 percent of Chinese goods worth $ 200 billion and threatened to target another $ 300 billion in exports from the world's second-largest economy. Businesses warn about the damage to the US economy.
  Tensions are on the rise as the United States has ended India's participation in a preferential trade program this month.

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