Date: a month ago   Category: Economy

India raised taxes on goods from the USA — Rambler News Service


India declared increase in the customs duties on 28 American goods that it will bring to the state additional $217 million, reports the Indian TV channel NDTV. Introduction of duties became a countermeasure on introduction of 25% of the American tariff for the Indian steel and 10% - on aluminum. On these goods there were no duties earlier, explains the edition. Most strongly duties on walnut (from 30% grew to 120%), chick-pea, tub peas, (from 30% to 70%) and lentil (to 40%). Other products on which duties are introduced include separate types of iron and steel products, apples, pears, flat-rolled products from stainless steel and also screws, bolts and nuts. As reports TV channel, India eight times postponed imposing of duties in hope to achieve the positive decision during negotiations with the USA, however negotiations stopped after the USA cancelled export incentives for the Indian exporters within the program of the General system of preferences (GSP). Cancellation of privileges will influence the Indian export to the USA for the sum of $5.5 billion.

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