Higher import duties on strategic US imports to kick in from today

Strategic imports from the US, including items across the board such as dry fruits, shrimps, chemicals, and motorcycles, are all set to attract higher duty from Thursday onwards.

Set to bring out the official notification during the day, India has prepared a crafty list to counter US President Donald Trump’s repeated threats of cutting trade while aiming to reduce the impact on domestic businesses. It hopes to rake in a total $240 million worth of duties through higher tax by up to 50 per cent on certain items.

India last week notified the World Trade Organisation of its decision to