India is preparing to impose higher tariffs on some U.S. goods including almonds, walnuts and apples next week after a delay of about a year, two sources said, following Washington's withdrawal of key trade privileges for New Delhi. News agency PTI reported India will impose tariffs on 29 items. From June 5, 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 from the country. India is now looking at adopting the higher tariffs, ...
India to impose higher tariffs on 29 US goods next week: Report
India to respond after U.S. President Donald Trump scrapped trade privileges under the Generalized System of Preferences for the country.
US India relations
Neha Dasgupta |