India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium. The move will hurt American exporters of these 28 items as they will have to pay higher duties, making those items costlier in the Indian market. America had in March last year imposed 25 per cent tariff on steel and a 10 per cent import duty on aluminium products. As part of the imposition of higher import duties on US products, India has notified higher tariffs on several goods. While import duty on walnut has been hiked to 120 per cent from 30 per cent, duty on chickpeas, Bengal gram (chana) and masur dal will be raised to 70 per cent, from 30 per cent currently.

Source: Hindustan Times June 15, 2019 17:44 UTC