India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington's decision to strip the country of preferential access to the American market.

New Delhi initially issued an order in June last year to raise import taxes as high as 120% on a slew of U.S. items, incensed by Washington's refusal to exempt it from higher steel and aluminum tariffs, but repeatedly delayed the decision as the two nations engaged in trade talks. </s> NEW DELHI (Reuters) - India will impose higher tariffs on 28 U.S. products including almonds, apples and walnuts, a government notificatihere;jsessionid=05BB93EF9871E631DCA5475F5330BC4E said.

The new duties take effect from Sunday.

Reuters had previously reported that India was preparing to levy higher tariffs following Washington’s withdrawal of key trade privileges for New Delhi.

India initially issued an order in June last year to raise import taxes as high as 120% on a slew of U.S. items, incensed by Washington’s refusal to exempt it from higher steel and aluminum tariffs.

But New Delhi repeatedly delayed raising tariffs as the two nations engaged in trade talks. Trade between them stood at about $142.1 billion in 2018. </s> India will impose higher tariffs on 28 U.S. products including almonds, apples and walnuts, a government notification http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs17-2019.pdf;jsessionid=05BB93EF9871E631DCA5475F5330BC4E said.

NEW DELHI: India will impose higher tariffs on 28 U.S. products including almonds, apples and walnuts, a government notification http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs17-2019.pdf;jsessionid=05BB93EF9871E631DCA5475F5330BC4E said.

The new duties take effect from Sunday.

Reuters had previously reported that India was preparing to levy higher tariffs following Washington's withdrawal of key trade privileges for New Delhi.

India initially issued an order in June last year to raise import taxes as high as 120per cent on a slew of U.S. items, incensed by Washington's refusal to exempt it from higher steel and aluminum tariffs.

But New Delhi repeatedly delayed raising tariffs as the two nations engaged in trade talks. Trade between them stood at about US$142.1 billion in 2018. </s> The Indian government issued a statement on Saturday, saying the Asian nation would impose higher tariffs on 28 US products including almonds, apples and walnuts starting from Sunday. </s> India to impose retaliatory tariffs on 28 U.S. goods from Sunday

India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. </s> India will impose higher tariffs on 28 U.S. products including almonds, apples and walnuts, a government notification http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs17-2019.pdf;jsessionid=05BB93EF9871E631DCA5475F5330BC4E said.

NEW DELHI: India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi.

The new duties take effect from Sunday, a government notification http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs17-2019.pdf;jsessionid=05BB93EF9871E631DCA5475F5330BC4E said, in the latest trade row since U.S. President Donald Trump took office in 2017 vowing to act against countries with which Washington has a large trade deficit.

From June 5, President Trump scrapped trade privileges under the Generalized System of Preferences (GSP) for India, the biggest beneficiary of a scheme that allowed duty-free exports of up to US$5.6 billion.

India termed that "unfortunate" and vowed to uphold its national interests.

Reuters previously reported India was preparing to levy higher tariffs ahead of Prime Minister Narendra Modi's first meeting with Trump on the sidelines of a G20 summit in Japan on June 28 and 29.

India initially issued an order in June last year to raise import taxes as high as 120per cent on a slew of U.S. items, incensed by Washington's refusal to exempt it from higher steel and aluminum tariffs.

But New Delhi repeatedly delayed raising tariffs as the two nations engaged in trade talks. Trade between them stood at about US$142.1 billion in 2018.

India on Saturday amended its previous order "to implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA" while preserving the existing rate for these goods for all other countries, the government notification said.

Higher Indian tariffs on U.S. goods could impact growing political and security ties between the two nations.

U.S. Secretary of State Mike Pompeo, who is expected to visit India this month, said this week the United States was open to dialogue to resolve trade differences with India, through greater access for American companies to its markets.

India is by far the largest buyer of U.S. almonds, paying US$543 million for more than half of U.S. almond exports in 2018, U.S. Department of Agriculture data shows. It is the second largest buyer of U.S. apples, taking US$156 million worth in 2018.

New Delhi's new rules in areas such as e-commerce and data localization have already angered the United States and hit companies such as Amazon.com, Walmart Inc, Mastercard and Visa, among others. </s> NEW DELHI, June 15 (Reuters) - India will impose higher tariffs on 28 U.S. products including almonds, apples and walnuts, a government notification http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs17-2019.pdf;jsessionid=05BB93EF9871E631DCA5475F5330BC4E said.

The new duties take effect from Sunday.

Reuters had previously reported that India was preparing to levy higher tariffs following Washington's withdrawal of key trade privileges for New Delhi.

India initially issued an order in June last year to raise import taxes as high as 120% on a slew of U.S. items, incensed by Washington's refusal to exempt it from higher steel and aluminium tariffs.

But New Delhi repeatedly delayed raising tariffs as the two nations engaged in trade talks. Trade between them stood at about $142.1 billion in 2018. (Reporting by Nidhi Verma and Neha Dasgupta; Editing by Hugh Lawson) </s> India announced it's imposing higher tariffs on 28 U.S. products from Sunday, after Washington withdrew the South Asian country's preferential trade status.

Why it matters: It's the latest escalation in President Trump's trade war, designed to cut U.S. deficits. The tariffs on products including almonds and apples are as high as 70% on some items and are in response to Washington's refusal to exempt Delhi from higher taxes on steel and aluminium imports, the BBC notes. </s> From Sunday, India will levy higher customs duty on 28 products imported from the United States. The move is a response to higher tariffs imposed by Washington on Indian products like steel and aluminium.

These 28 items include almonds, apples and walnuts. While import duty on walnut has been raised to 120% from 30%, that on chickpeas, Bengal gram and masur dal has been increased to 70%. India will get additional revenue of $217 million from these imports. Earlier, the list included 29 products but artemia, a kind of shrimp, was later removed.

The Central Board of Indirect taxes and Customs made the announcement on Saturday. The notification will “implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA and preserving the existing MFN rate for all these goods for all countries other than USA”.

India had issued an order in June 2018 to raise import taxes on a number of US items after Washington refused to exempt it from higher steel and aluminium tariffs. But New Delhi has delayed raising tariffs eight times as the two nations engaged in trade talks. India’s exports to the US in 2017-’18 was $47.9 billion, while imports were at $ 26.7 billion, reported PTI.

India’s move comes days after Washington withdrew key trade privileges for New Delhi. In March, US President Donald Trump had announced his decision to remove India from the Generalized System of Preferences programme. India was the biggest beneficiary of the GSP programme which allowed for $5.6 billion, around Rs 3,896 crore, worth of Indian exports to enter the country duty-free. Under the GSP programme, certain products can enter the US duty-free if beneficiary developing countries meet the eligibility criteria established by its Congress.
India announces that effective Sunday it will impose tariffs, some as high as 70 percent, on 28 United States products, including almonds and apples, in response to the U.S. government's refusal to exempt India from higher taxes on steel and aluminum imports.