India delays imposition of retaliatory tariffs on US goods till December 17

Posted on:02 Nov 2018 15:15:53
India delays imposition of retaliatory tariffs on US goods till December 17
02 November 2018 Current Affairs: India has postponed imposing higher duties worth $235 million on 29 American goods to December 17.
The retaliatory tariffs were scheduled to come into effect November 2 and have been postponed for the third time.
With the new tariffs, the import duty on walnut would be hiked to 120% from 30% while that on chickpeas, Bengal gram (chana) and masur dal would become 70% from 30% now.
Similarly, the duty rate on lentils will be hiked to 40% from 30%.
India has postponed imposing higher duties worth $235 million on 29 American goods to December 17.
The retaliatory tariffs were scheduled to come into effect November 2 and have been postponed for the third time.
With the new tariffs, the import duty on walnut would be hiked to 120% from 30% while that on chickpeas, Bengal gram (chana) and masur dal would become 70% from 30% now.
Similarly, the duty rate on lentils will be hiked to 40% from 30%.



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