India increases tariffs on U.S. imports

United States
Published:  18 June, 2019

The move follows the U.S. decision to remove India from its Generalised System of Preferences (GSP) on June 5. Products targeted include chemicals and agricultural produce.

Effective June 16, India has imposed increased tariffs on a list of 28 products imported from the U.S., generating an additional US$217 million in earnings to the country. India had first announced its plans to impose new tariffs a year ago in response to the U.S. decision to increase import duties on Indian steel and aluminium, but it delayed imposing them while both nations engaged in a series of trade talks. India, however, sells a lot more to the U.S. than it buys; in 2018, it imported U.S. goods worth US$33 billion and exported goods worth US$54 billion. 

Source: CNN