India Again Delays Retaliatory Tariffs on US
India again delayed retaliatory tariffs on goods imported from the U.S., pushing the new start to May 2, according to a notice from India’s Ministry of Finance. The tariffs, first announced in May 2018 and most recently delayed until April…
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1, 2019, will target agricultural products, motorcycles, steel products, and phosphoric and boric acid, and are aimed at offsetting the $241 million in duties India expects its U.S. customers to pay on its steel and aluminum exports. The tariffs have been delayed multiple times after they were originally expected to take effect in June 2018. Many of the items already face high tariffs -- walnuts are taxed at 100 percent, fresh apples at 50 percent, chickpeas at 60 percent, motorcycles at 100 percent -- but the actions would add 10 percent more to many ag products, 20 percent more to walnuts and almonds, and 50 percent more to motorcycles.