India mulls retaliatory tariffs after US ends preferential trade status

India mulls retaliatory tariffs after US ends preferential trade status

Meanwhile, the government is considering ways to enhance support to sectors impacted by the US government's decision to end the preferential trade status to India.

Advertisement
The Commerce Ministry is mulling retaliatory tariffs on US products and will take a final decision later this month in response to the US ending preferential trade status given to India.The Commerce Ministry is mulling retaliatory tariffs on US products and will take a final decision later this month in response to the US ending preferential trade status given to India.
BusinessToday.In
  • Jun 4, 2019,
  • Updated Jun 4, 2019 2:18 PM IST

The Commerce Ministry is mulling retaliatory tariffs on US products and will take a final decision later this month in response to the US ending preferential trade status given to India. The ministry is reportedly weighing its options carefully and might enforce the duties on goods such as apples, boric acid and almonds on June 16 or later.

Advertisement

"The final decision on whether retaliatory duties on US goods would be imposed as scheduled on June 16 or further postpones may be taken by the Commerce ministry after consultations with the Ministry of External Affairs," a government official told the Hindu BusinessLine.

Meanwhile, the government is considering ways to enhance support to sectors impacted by the US government's decision to end the preferential trade status to India. The status permitted duty-free exports of over 3,000 items from the country.

Also Read:

The Commerce Ministry is mulling retaliatory tariffs on US products and will take a final decision later this month in response to the US ending preferential trade status given to India. The ministry is reportedly weighing its options carefully and might enforce the duties on goods such as apples, boric acid and almonds on June 16 or later.

Advertisement

"The final decision on whether retaliatory duties on US goods would be imposed as scheduled on June 16 or further postpones may be taken by the Commerce ministry after consultations with the Ministry of External Affairs," a government official told the Hindu BusinessLine.

Meanwhile, the government is considering ways to enhance support to sectors impacted by the US government's decision to end the preferential trade status to India. The status permitted duty-free exports of over 3,000 items from the country.

Also Read:

Read more!
Advertisement