India levies retaliatory tariffs on 28 US products
Commodity Online | June 17 2019
UPDATED 12:26:37 IST

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India will impose higher tariffs on 28 American products including almonds, apples and walnut effective June 16, the government said in a notification.

The retaliatory tariffs, triggered by the US announcing higher duties on Indian steel and aluminium last year, were deferred multiple times in view of the trade dialogue between the two countries.

The new tariffs are expected to bring in $220 million of revenue to India as the government dropped one item- artemia-from the list.

New Delhi had decided to levy higher tariffs following Washington’s withdrawal of preferential benefits for $6.35 billion of Indian exports early this month.

 

Commodity Arrivals Rate
Coconut Oil 1 16800.00
Arecanut 55 5000.00
Sugar 426 3232.00
Rubber 0.1 14500.00

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