Business Standard

India's retaliatory tariffs on 30 US items to rake in additional $240 mn

The move comes after New Delhi received a cold shoulder from Washington DC on its request for exempting India from the higher tariffs announced by the US on steel and aluminium imports

Modi, Trump, ASEAN
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Manila: President Donald Trump, right, and Indian Prime Minister Narendra Modi shake hands during a bilateral meeting at the ASEAN Summit at the Sofitel Philippine Plaza, Monday, Nov. 13, 2017

Subhayan Chakraborty New Delhi
Dry fruits, shrimps, chemicals and motorcycles all figure in the list of US imports that are set to attract a higher duty soon and represent a crafty trade reaction by India to threats of 'reciprocal tariffs' by Donald Trump. 

India has notified the World Trade Organisation (WTO) on Wednesday of its decision to impose higher import tariffs on 30 US goods - including motorcycles and heavy machinery as well as a large number of agro products such as almonds, shrimps and chocolates - which is expected to rake in an additional $240 million.

The move comes after New Delhi received

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