Indian government, which had decided to impose retaliatory tariffs from August 4, later extended by another 45 days till September 18, will further extend the deadline for the imposition of higher customs duties on 29 products, including almond, walnut and pulses, imported from the US. The report quoted a senior official as saying that “We are still in discussion with the US authorities. The deadline will be extended tonight.”
As part of imposition of higher import duties, New Delhi has notified higher tariffs on several products. While import duty on walnut is to be hiked to 120 per cent from 30 per cent, duty on chickpeas, Bengal gram (chana) and masur dal will be hiked to 70 per cent from 30 per cent. Levy on lentils will be hiked to 40 per cent from 30 per cent.
The duty hike move by India was in retaliation to the March 9 decision of US President Donald Trump to impose heavy tariffs on imported steel and aluminium items, a move that has sparked fears of a global trade war.
Source : PTI
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