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17/06/2019 04:01pm

India increases tariffs on 28 US goods

image India increases tariffs on 28 US goods

New Delhi, June 17 (KNN) India levied higher customs duties on US goods in response to similar measures taken by Washington.

President Donald Trump led US Government had decised on June 1 to end trade concessions on $5.7 billion of goods India shipped to the U.S. as of 2017.

The Indian government said that “it is necessary in the public interest” to impose higher tariffs, the statement said.

The increased charges have been imposed on 28 products including chickpeas, phosphoric acid, apples, almonds and walnuts, according to the notice released late Saturday.

The country would reportedly get about $217 million in additional revenue from the higher tariffs.

The move comes just days ahead of a visit by U.S. Secretary of State Michael Pompeo aimed at deepening defense and energy ties between the two nations. Trade tensions have been building with the U.S. decision to withdraw India’s preferential trade status.

India last year announced higher tariffs on a clutch of items in retaliation for the U.S. imposing higher levies on some products shipped from the South Asian nation, mirroring steps taken by China and the European Union.

New Delhi, however, repeatedly deferred imposition of the new tariffs as it kept the door open for talks to avert a trade war.


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