India likely to roll back higher import duties on 29 US products

India may roll back higher tariffs it announced last week on imports from the US if talks on the matter, scheduled to be held in Washington, DC next month, prove fruitful. The government is also hopeful of securing exemption from the Trump Administration regarding steel and aluminium tariffs, which had been imposed earlier by the US against all trade partners.
 
Last week, India finally imposed higher tariff rates on 29 import items from the US, aimed at raking in $240 million worth of duties through higher tax up to 100 per cent. However, the government hinted otherwise on Thursday,