India Hikes Tariffs on US Goods Amid Deepening Trade Friction

By Anjana Pasricha |

FILE – Containers are piled up at a terminal at the Jawaharlal Nehru Port Trust in Mumbai, India, June 29, 2017. India’s commerce ministry says it will not try to hold onto its preferential zero-tariffs status with the United States after Washington decided to drop it from its Generalized System of Preferences program.

(VOA News) – NEW DELHI – India has hiked tariffs on 28 goods imported from the United States as a trade spat between the two countries intensifies.

The retaliatory move came days after Washington removed New Delhi from a list of countries that have preferential access to its market.

“India has put its cards on the table,” says trade expert Biswajit Dhar at Jawaharlal Nehru University in New Delhi. “The U.S. has upped the ante and it is also threatening to take further action. This required India to respond.”

The trade spat has escalated ahead of a visit later this month to New Delhi by U.S. Secretary of State Mike Pompeo who has pushed India to allow American companies more access to its markets and to lower barriers.

Read more of this story

(Visited 99 times, 1 visits today)

Comments

comments

About Cholo Brooks 10804 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.