India hits back at U.S. with higher import duties on farm, steel products

 India hits back at U.S. with higher import duties on farm, steel products

NEW DELHI (Reuters) – India increased duties over a slew of farm products, steel and iron imported within the Country, a government notice said, joining countries in europe and China in retaliatory action against President Donald Trump's tariff hikes on steel and aluminum.

India's move came per day right after the EU's decision to charge higher import duties on a variety of U.S. products.

In tariff rates issued late on Wednesday, India's commerce ministry named some varieties of apples, almonds, chickpeas, lentils, walnuts and artemia which would carry higher import taxes. These are ordered from your Country.

India also raised duties on some grades of iron and steel products. A few weeks ago, India launched a complaint for the World Trade Organisation against the U . s . across the steel and aluminum duties after it still did not win an exemption.

It also gave an index of products towards the WTO not wearing running shoes said could incur higher tariffs.

An official from the steel ministry said right at that moment which the new tariffs were designed to show displeasure on the U.S. action. A number of the new Indian rates will need effect immediately although others would go deep into force on Aug. 4.

Rising trade tensions involving the Us as well as some major economies have threatened to derail global growth.

China on Thursday warned that the interests of U.S. workers and farmers are going to be hurt by Washington's intent to impose higher tariffs on some imported products.

AscendEconomy

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