India to impose retaliatory tariff on 29 US items from June 16 - News Summed Up

India to impose retaliatory tariff on 29 US items from June 16


After extending the deadline for several times, India has decided to impose additional customs duties on 29 US products, including almond, walnut and pulses, with effect from June 16, sources said. The move will hurt American exporters of these 29 items as they have to pay duties on these products. India has informed the US about its decision to go ahead with the retaliatory duties, the sources said. America had in March last year imposed 25 per cent tariff on steel and a 10 per cent import duty on aluminium products. Also read: 50 percent tariff on US motorcycles by India unacceptable, says Donald TrumpAs part of the imposition of higher import duties on 29 US products, India has notified higher tariffs on several goods.


Source: Hindustan Times June 14, 2019 11:48 UTC



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