India: Additional tariffs waived off on 6 U.S. products
Published 2023년 9월 8일
Tridge summary
India has waived additional duties on six US products, including coconut and apple, in an effort to resolve trade tensions between the two countries. This move comes in response to the US increasing tariffs on steel and aluminum products from India in 2019, leading India to impose additional tariffs on 28 US products. The decision to waive these duties ahead of President Joe Biden's visit to India for the G20 summit suggests a potential thaw in the trade relationship between the two nations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
New Delhi∙ India waives additional duties imposed on six US products including coconut and apple. In 2019, India imposed additional tariffs on 28 US products in response to US action by increasing tariffs on steel and aluminum products from India. Additional ingredients were coconut (10%), red pepper (20%), fresh/dried almonds (Rs 7 per kg), shelled almonds (Rs 20 per kg), walnuts (20%), apple (20%) etc. Steps are being ...
Source: ManoramaOnline
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