India imposes retaliatory tariffs on 28 US products

2019-06-18 09:34:47 冠淇科技

The Indian government has decided to impose tariffs on 28 US print products from June 16. The Indian Ministry of Finance issued a notice on the evening of the 15th, announcing tariffs on 28 US products including almonds, beans and walnuts. The list previously contained 29 products, but this announcement removed a shrimp product.

According to the data, India is currently the largest purchaser of almonds in the United States. In 2018, India purchased US$543 million worth of American almonds, more than half of the total US almond production. India is also the second-largest buyer of Apple in the United States, buying about $156 million in American apples in 2018.

In the past year, the Indian-US negotiations to resolve trade frictions have not made progress. Since the beginning of 2019, the US government has repeatedly attacked India's "high tariffs" and demanded that India open its market to American companies. On June 5 this year, the United States announced the cancellation of the GSP treatment in India on the grounds that “India failed to ensure fair and reasonable market access to the United States”. This decision involved 5.6 billion U.S. dollars in Indian exports to the United States. The relationship is getting tighter.