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Tit-for-tat; India imposing retaliatory tariff on 29 US goods from June 16
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Tit-for-tat; India imposing retaliatory tariff on 29 US goods from June 16

Pennews

In a tit-for-tat, India has decided to impose retaliatory tariffs on 29 goods imported from the US from June 16. With this, walnuts, apples, shrimps and pulses among others, would have tariffs.

This is in retaliation to US President Donald Trump’s decision in March 2018 to impose higher import tariffs on Indian aluminium and steel. India announced in June that it would take action if it did not get exemption from the higher tariffs. But the US administration refused to act on Indian pleas, finally forcing India to take a tough stance.

It has been a year since India deliberated on the matter. With the new tariffs coming into force from June 16, the burden on the US would be $240-290 million, around the same amount imposed on India in 2018.

India was forced to go ahead and impose the retaliatory tariffs on US items, officials said. It was negotiation for about a year and Delhi kept extending the deadline for the imposition of retaliatory tariffs. However, the talks, as also those on granting India duty-free imports for certain items under the US Generalised System of Preferences (GSP) did not produce the desired results and left India at a disadvantage.