Business Standard

India responds to Trump moves at last with tariff hike on 29 US products

Move comes after a delay of about a year; Trump recently withdrew GSP benefits to India

Overall, import growth hasn’t touched double-digit figures since October and the monthly trade deficit came in at $15.33 billion, up from $10.89 billion in March
Premium

Subhayan Chakraborty New Delhi
The government, after dragging its feet for almost a year, has decided to increase tariffs on 29 high-value US agricultural and industrial imports by up to 50 per cent. This will take effect on June 16.

Originally slated to be clamped on August 4 last year, the tariffs were deferred eight times. But now several government sources have confirmed this is part of a “retaliatory measure” against the Trump administration, despite the Customs authorities officially not terming it as such.

The move comes after Washington DC paid no heed to New Delhi’s request to exempt India from the higher tariffs

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in