According to the Economic Times, India has postponed imposition of duties worth $235 million on American goods until January 31, 2019.
The retaliatory tariffs were in response to the Trump administration’s tariffs on imported steel and aluminum. The start date of India’s retaliatory tariffs was set for tomorrow (December 17th).
The new tariffs include a 120% tariff on US chickpeas, 70% tariff on chana and 40% on lentils.
The US and India are currently negotiating a settlement on various issues – India would like greater access to the US market for their agriculture, automobile, parts and engineering while the US seeks greater access for farm and medical devices.
Check back for the latest news as they become available. If you have any questions how your company’s exports to India may be impacted or if you have questions on how to save on steel and aluminum duties from India – contact experienced trade attorney David Hsu at 832-896-6288 or by email at firstname.lastname@example.org.