India set to impose delayed tariffs on some US goods

NEW DELHI/ LAHORE: India said on Saturday that delayed higher tariffs against some goods imported from the United States will go into force on September 18. New Delhi, incensed by Washington’s refusal to exempt it from new tariffs, decided in June to raise import tax from August 4 on some US products, including almonds, walnuts and apples, but later delayed the move.



Officials from New Delhi and Washington, including US Secretary of State Mike Pompeo and Defense Secretary Jim Mattis, are scheduled to hold a series of meetings including strategic talks with their Indian counterparts in September. Bilateral trade rose to $115 billion in 2016, but the Trump administration wants to reduce its $31 billion deficit with India, and is pressing New Delhi to ease trade barriers.



India, the world’s biggest buyer of US almonds, in June decided to raise import duties on the commodity by 20%, joining the EU and China in retaliating against Trump’s tariff hikes on steel and aluminium. It had also planned to impose a 120% duty on the import of walnuts in the strongest action yet against the US. India has proposed to buy petroleum products from the US to help narrow the trade deficit.

Published in The Express Tribune, August 5^th, 2018.

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