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India delays levying retaliatory tariff on US goods to May 2

The new tariff structure was to come into force from April 1.

imports, exports

New Delhi decided in June last year to raise the import tax from August 4 on some U.S. products including almonds, walnuts and apples.

Reuters

 India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 2, according to a government order.

The new tariff structure was to come into force from April 1.

Angered by Washington's refusal to exempt it from new steel and aluminium tariffs, New Delhi decided in June last year to raise the import tax from August 4 on some U.S. products including almonds, walnuts and apples.

But since then, New Delhi has repeatedly delayed the implementation of the new tariff.

 

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 01 2019 | 9:16 AM IST

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