Published: Mon, June 17, 2019
Worldwide | By Isabel Fisher

India Imposes Higher Customs Duty in 28 US Products

India Imposes Higher Customs Duty in 28 US Products

India would "implement the imposition of retaliatory duties on 28 specified goods originating in or exported from (the) USA", it said in a notification.

India's firm action against U.S. has come days before Foreign Minister S Jaishankar is to meet his American counterpart Mike Pompeo.

But New Delhi repeatedly delayed raising tariffs as the two nations engaged in trade talks.

India has chose to raise tariffs on imports of 29 goods from the USA after having deferred the move several times since announcing it previous year, media reported on Saturday.

The tariffs come just days ahead of a scheduled meeting between Trump and Prime Minister Narendra Modi at the G-20 summit.

Earlier this month, US President Trump additionally launched the US used to be withdrawing India's preferential alternate medicine.

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

The Commerce and Industry Minister Piyush Goyal said last week that India accepts the decision of the United States to withdraw GSP benefits to its exporters "gracefully", and will continue to work towards making the exports competitive.

The Indian government on June 21 past year chose to impose these duties in retaliation to the us decision of significantly hiking customs duties on certain steel and aluminium products.

An order to raise import taxes as high as 120 percent on a number of American-made goods was issued by the Indian government in June 2018.

The duty on boric acid and binders for foundry moulds would be hiked to 7.5 per cent, while that on domestic reagents will be increased to 10 per cent. Duty on artemia, a kind of shrimp, will be hiked to 15 per cent.

Trump has usually slammed India's tariffs on products devour motorcycles and whiskey, and his decision to revoke commerce privileges for India adopted complaints from American dairy farmers and medical tool producers that tariffs imposed by New Delhi had been hurting their exports.

From June 5, US President Donald Trump scrapped trade privileges under the Generalized System of Preferences (GSP) for India, the biggest beneficiary of a scheme that allowed duty-free exports of up to $5.6 billion (€4.94 billion).

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