As US imposes tariffs on steel and aluminium imports, India raises Duties on imports from U.S.

Abiodun Obadayo    |       

Following  Trump administration’s decision to impose tariffs of 25 per cent on steel and 10 per cent on aluminium imports, India has raised duties on a range of items largely imported from the United States.

An Indian Finance Ministry notification, on Thursday, listed new tariffs on a range of 29 farm, chemical, steel and other products.

Some of the new rates took immediate effect, while others are due to come into force on Aug. 4. A report says India’s retaliatory move follows similar steps taken by the EU, Canada and China.

According to the Indian Finance Ministry, the import duty on chickpeas and Bengal gram has been raised to 60 per cent and on walnuts in shells to over 100 per cent.

Other items, on which duties have been raised, include boric acid, phosphoric acid, diagnostic reagents and flat-rolled iron and steel products.

The duty on artemia, a kind of shrimp imported from the U.S., has also been raised along with tariffs on SIM sockets and other mechanical items used for the manufacture of mobile phones.

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