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(Source: Dainik Bhaskar)
Master Stroke: India proposes retaliatory tariffs on 30 US products
India proposed to suspend concessions on 30 products originating from the United States.
Customs duty on motorcycles with engine capacity over 800 cc will be raised up to 50 percent, almonds 20 percent, walnuts 20 percent and apples 25 percent.
This move came as retaliation to Washington's move to impose higher duties on Indian steel and aluminium exports.
India in a letter to the World Trade Organisation (WTO) stated that the suspended concessions are substantially equivalent to the amount of trade affected by the measures imposed by the United States.
For latest breaking news, other top stories log on to: http://www.abplive.in & https://www.youtube.com/c/abpnews
Customs duty on motorcycles with engine capacity over 800 cc will be raised up to 50 percent, almonds 20 percent, walnuts 20 percent and apples 25 percent.
This move came as retaliation to Washington's move to impose higher duties on Indian steel and aluminium exports.
India in a letter to the World Trade Organisation (WTO) stated that the suspended concessions are substantially equivalent to the amount of trade affected by the measures imposed by the United States.
For latest breaking news, other top stories log on to: http://www.abplive.in & https://www.youtube.com/c/abpnews
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