Archived

India To Impose Delayed Tariffs On Some US Goods In September

   Download Android App    Share in      FullScreen   CheckVideos

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




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Archived


22