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This Article is From Sep 18, 2018

India Delays Imposition Of Higher Tariffs On Some US Goods To November

Trade differences between India and the United States have risen since President Donald Trump took office.

India Delays Imposition Of Higher Tariffs On Some US Goods To November
In August, India said that it would raise tariffs on US goods on September 18

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.

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 centre later delayed imposing the tax until September 18, but with negotiations ongoing it has decided to postpone again.

Earlier this month India and the US 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.

© Thomson Reuters 2018

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