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India Again Delays Tit-for-Tat Tariffs on American Goods as US Mulls Sparing Indian Steel, Aluminium

Trade differences between India and US have risen since President Donald Trump took office, but India's decision to further delay comes as the two countries negotiate a package to remove trade frictions over a range of items.

Reuters

Updated:September 18, 2018, 1:45 PM IST
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India Again Delays Tit-for-Tat Tariffs on American Goods as US Mulls Sparing Indian Steel, Aluminium
Prime Minister Narendra Modi with US President Donald Trump. (File photo)
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New Delhi: India has delayed the implementation of higher tariffs on some goods imported from the United States to November 2, according to a government order that put off for a second time retaliatory action against US import tariffs on steel and aluminium.

Trade differences between India and the United States have risen since President Donald Trump took office, but India's decision to further delay comes as the two countries negotiate a package to remove trade frictions over a range of items.

According to reports now, the US is willing to grant conditional waiver to Indian steel and aluminium products from higher import tariff. India has written to the US government seeking exemption from the 25 percent levy on steel and 10 percent on aluminium as exports of the two products from India did not pose a security threat to America.

Angered by Washington's refusal to exempt it from new steel and aluminium tariffs, New Delhi decided in June to raise the import tax from August 4 on some US products, including almonds, walnuts and apples. The government later delayed imposing the tax until September 18, but with negotiations ongoing it has decided to postpone again.

Earlier this month, India and the United States signed an accord on secure military communication. The agreement had been stalled for years because of India's concerns that it would open up its communications network to the US military.

Separately, Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports.

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| Edited by: Nitya Thirumalai
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