India again defers retaliatory tariffs on US to avoid full-blown trade war

The tariff plan has been deferred to November 2, according to a notification from the finance ministry

India again deferred the imposition of retaliatory tariffs on some U.S. imports, signaling its readiness to find a solution to avert a trade war in contrast to the path China has taken.

The tariff plan has been deferred to Nov. 2, according to a notification from the finance ministry. New Delhi had previously planned to levy higher tariffs effective Aug. 4, but they were delayed until Sept. 18 as the two sides held meetings to avoid a full-blown trade war.

The move comes even as China announced it will retaliate against the U.S.’s plan to impose a 10 percent tariff on about