India, June 17 -- 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.
Published by HT Digital Content Services with permission from Commodity Online....