India holds off raising import tariffs on some US goods until Jan 31
[NEW DELHI] India has held off until end-January 2019 raising tariffs on select goods from the United States, deferring for the fourth time retaliatory action against higher import tariffs imposed by the US on steel and aluminium, the government said on Monday.
Angered by Washington's refusal to exempt it from higher steel and aluminium tariffs, New Delhi said in June that it would raise import tax from Aug 4 on some US products, including almonds, walnuts and apples.
India further delayed imposing higher taxes thrice until Dec 17, and with negotiations still going on, decided to defer the date again.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations