India decided to respond to Washington in the trade war

India decided to respond to Washington in the trade war

Punitive measures: India decided to respond to Washington in the trade war

India decided to respond to Washington in the trade war

The Indian government has decided to impose punitive duties on the United States. The new measures will deal with the importation of agricultural products from the States.

Duties will rise to 30 % and will affect products such as chickpeas, lentils, hazelnuts, almonds, and apples. The total volume of import of products under the increased tariffs will be 857 million dollars.

The amendments will come into force on January 31, 2019. Increased fees are called punitive, as introduced in response to similar actions of the United States, in March last year, increased duties on imports from abroad of steel and aluminum by 25% and 10%, respectively. Introducing such rates, the United States made an exception only for Argentina and Australia. Brazil and South Korea also received some relief.

Many countries, including Canada and the EU, responded to the unfriendly attack of the USA. However, India remained the last country not to respond to the US trade war. The possibility of taking retaliatory measures in new Delhi has been discussed earlier, however, the decision to introduce punitive measures against the US was taken just now.

Author: администратор

Leave a Reply

Your email address will not be published. Required fields are marked *