India will raise duties on 30 products originating in the US, including motorcycles with engine capacity over 800 cc, fresh apples and almonds, as it strikes back against Washington’s move to impose higher duties on Indian steel and aluminium exports, an official said.
India in a letter to the World Trade Organisation (WTO) stated that the suspended concessions are substantially equivalent to the amount of trade affected by the measures imposed by the United States.
Motorcycles with engine capacity over 800 cc is going to attract 50% of duty, almonds 20%, walnuts 20% and apples 25%.“This is the first time that India has levied retaliatory tariffs on any country,” said the official aware of the details.
“This notification is made in connection with safeguard measures imposed by the United States of America on imports of certain aluminium and steel articles,” India said.
India notified the World Trade Organisation (WTO) of its decision to suspend concessions to the US on Wednesday and expects around $238.09 million of duty to be collected through the measure. The US in March imposed 25% duty on certain steel products and 10% on aluminium products which as per the notification, will help the US collect $241million of duty.
On May 18, New Delhi had notified the WTO of imposing retaliatory tariffs on 20 items including peas, chickpeas, wheat, soybean oil, refined palmolein, cocoa powder, chocolate products and golf carts. New Delhi had also recommended 10% duty on chocolate products and cocoa and, coffee.
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