India To Impose Delayed Tariffs On Some US Goods In September

INSUBCONTINENT EXCLUSIVE:
Trade differences between India and the US have been rising since Donald Trump took office.India said on Saturday that delayed higher
tariffs against some goods imported from the United States will go into force on September 18.New Delhi, incensed by Washington's refusal to
exempt it from new tariffs, decided in June to raise import tax from August 4 on some US products, including almonds, walnuts and apples,
and later delayed the move.Officials from New Delhi and Washington, including US Secretary of State Mike Pompeo and Defense Secretary Jim
Mattis, are scheduled to hold a series of meetings including strategic talks with their Indian counterparts in September.Trade differences
between India and the United States have been rising since US President Donald Trump took office
Bilateral trade rose to $115 billion in 2016, but the Trump administration wants to reduce its $31 billion deficit with India, and is
pressing New Delhi to ease trade barriers.India, the world's biggest buyer of US almonds, in June decided to raise import duties on the
commodity by 20 per cent, joining the European Union and China in retaliating against Trump's tariff hikes on steel and aluminium.It had
also planned to impose a 120 per cent duty on the import of walnuts in the strongest action yet against the United States.India has proposed
to buy petroleum products from the US to help narrow the trade deficit
The United States has also emerged as a top arms supplier to India and US companies are bidding for military aircraft deals worth billions
of dollars.© Thomson Reuters 2018