Bigger India
India To Tax 30 American Products In Equivalent Retaliation For US Tariffs Hike
The total tariff increase on all products in the list will amount to an estimated additional $240 million in import fees.
India will suspend trade concessions and raise import duties on 30 products from the United States by up to 50 percent, in a mirror response to Washington’s impetuous move to impose tariffs on steel and aluminum imports.
New Delhi has drawn up a list of 30 American products it now wants to target with increased import duties. The new measures will see a 50 percent tariff increase on motorcycles with engine capacities of over 800cc, while apple imports would be charged with a 25 percent levy. Imports of almonds and walnuts would see a 20 percent levy.