India mulls customs duty hike on 30 US products

[Ryuzaki]

India has now submitted a revised list of 30 items — including motor cycle, certain iron and steel goods, boric acid and lentils — to the WTO on which it proposes to raise customs duty by up to 50 per cent. As duties hiked by the US on certain steel and aluminium products would have implications of about USD 241 million on India, the raise in tariffs proposed by New Delhi too would have an equal implication on America.

“The US would be collecting $241 million worth of duties by hiking tariffs on certain steel and aluminium items from India, we also proposed to withdraw concessions of similar amount from these 30 products imported by India from the US,” a source said.

Earlier in May, India proposed to raise duties by up to 100 per cent on 20 products such as almonds, apple and specific motorcycles imported from the US.

The additional duty proposed to be hiked on these items ranges from 10 per cent to 100 per cent.

“The revision is being provided to adjust the products and the tariff rates in accordance with India’s rights reserved vide its notification to the Council for Trade in Goods contained in the WTO document…of May 18, 2018.

https://www.financialexpress.com/economy/india-mulls-customs-duty-hike-on-30-us-products/1208080/

 

[4GTejasBVR]

Good good thanks ...

When will Pakistan raise its tax on US

 

[sputnik]

Nice. I heard we cancelled 1 oil shipment as well. Seeing a kind of pattern, anyone dared bad mouthing and India hits back calm And real.
1. Chinese PLA: u can move mountain but u can't move PLA. India shown it's place.
2. Orange man: I told Mr. Modi abt taxes on Harley. Modi ji retaliated with increase in custom duty on Harley in particular and in return got Apache and S-400.

 

[Theparadox]

Earlier, Trump threatened to stop trade with countries such as India over Harley Davidson motorcycles

We've just shown middle finger to him

When will Pakistan raise its tax on US

Who cares we're talking about WTO here, you should know pak's level.

 

[Kuru]

I thought India was never going to retaliate. At least that's what you gather from this forum.

When will Pakistan raise its tax on US

China already hiked its tarrif on a few US goods. So I guess that one is covered.

 

[indianfighter1999]

taking Usa head on is a stupidly in trade military...

 

[Theparadox]

taking Usa head on is a stupidly in trade military...

Military sales won't be affected. We are just losing $250 mn with US inc tariffs still we opposed it proving the point that we're not pakistan which always have been on receiving side. Now its equal so i would say Trump haven't done anything significant against India yet, i'm expecting that will remain same until we buy S-400.