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India to impose retaliatory tariffs on 28 U.S. goods



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 the US. 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 has scrapped trade privileges under the Generalized System of Preferences (GSP) for India, (19659002) India called for "unfortunate" and vowed to uphold its national interests

India was preparing to levy higher tariffs ahead of Prime Minister Narendra Modi's first meeting with Trump on the 28th Summit of the 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 1

20% on a slew of US 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.


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