India to lift tariffs on U.S. apples, almonds, walnuts

Published 2023년 6월 22일

Tridge summary

India is set to remove retaliatory tariffs on U.S. apples, almonds, and walnuts within 90 days, following a resolution of six disputes at the World Trade Organization. This move comes in response to the U.S. imposing tariffs on steel and aluminum from India in 2018, which had significantly impacted U.S. apple sales in India. The tariff removal is anticipated to boost U.S. agricultural exports to India, marking a positive development in the bilateral trade relationship between the two nations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India is lifting retaliatory tariffs on U.S. apples, almonds and walnuts, after the two nations agreed to terminate six outstanding disputes at the World Trade Organization. The tariffs were in response to the U.S. Section 232 national security measures on steel and aluminum. U.S. Trade Representative (USTR) Katherine Tai announced the move on June 22, during India Prime Minister Narendra Modi’s visit to the U.S.USApple was invited to attend Modi’s arrival ceremony at the White House June 22. “We were honored to be part of this important day for U.S.-India relations,” Jim Bair, USApple president and CEO, said in a news release. India will remove its retaliatory tariffs within 90 days. USApple’s board of directors met with White House staff in March and advocated for this resolution. “U.S. apple growers can now begin the work of competing for, and hopefully regaining, this critical market,” Bair said in the release. “We look forward to once again shipping great apples to this ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.