India Retaliates With Higher Import Duties On US Farm, Steel Products

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India retaliates with higher import duties on US farm steel products

India increased duties on a slew of farm products, steel, and iron imported from the United States. A government notice said, joining the European Union (EU) and China in retaliatory action against President Donald Trump’s tariff hikes on steel and aluminum.

Most of these are purchased from the United States got a hike. Commerce ministry declared the hike products like some varieties of apples, almonds, chickpeas, lentils, walnuts, and artemia that would carry higher import taxes.

India also raised duties on some grades of iron and steel products. India retaliates with higher import duties on US farm, steel products.

According to NDTV, An official from the steel ministry said at the time that the new tariffs were intended to show displeasure at the US action. Some of the new rates will take effect immediately while the others would go into force on August 4.

China on Thursday warned that the interests of US workers and farmers will be hurt by Washington’s intent to impose higher tariffs on some imported products.

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