India delays levying retaliatory tariff on U.S. goods to May 2
Mon Apr 01 2019
Rajesh Sharma (2003 articles)

India delays levying retaliatory tariff on U.S. goods to May 2

 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 aluminum tariffs, New Delhi decided in June last year to raise the import tax from Aug. 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.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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