India set to raise tariffs on some US goodsBy The Manila Timeshome/News/World/At a Glance/India set to raise tariffs on some US goodsNEW DELHI: India has decided to raise tariffs on imports of 29 goods from the US after having deferred the move several times since announcing it last year, media reported on Saturday. The government had said last June it would raise import taxes on a slew of US goods including almonds and apples, apparently irked by Washington’s refusal to exempt New Delhi from higher steel and aluminium tariffs. But it delayed raising tariffs several times as trade talks between the world’s two biggest democracies raised hopes of a resolution. There would be no further delays in imposing the retaliatory tariffs, the Economic Times reported, quoting a government official, with the new taxes due to take effect from Sunday. The Press Trust of India news agency said the finance ministry would make a formal announcement soon, although it had already conveyed its decision to the United States.

Source: Manila Times June 15, 2019 18:00 UTC