India Again Delays Retaliatory Tariff Implementation
Retaliatory tariffs for U.S. tariffs on steel and aluminum were delayed again by India, the country's Department of Revenue said in a Sept. 17 notice. The tariffs are now set to take effect on Nov. 2. The retaliatory tariffs, first…
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announced in May (see 1805180064), are aimed at agricultural products, motorcycles, steel products and phosphoric and boric acid, and are aimed at offsetting the $241 million in duties India expects its U.S. customers to pay on its steel and aluminum exports. The tariffs were originally expected in June, but have been delayed multiple times. Many of the items already face high tariffs -- walnuts are taxed at 100 percent, fresh apples at 50 percent, chickpeas at 60 percent, motorcycles at 100 percent -- but the actions would add 10 percent more to many ag products, 20 percent more to walnuts and almonds, and 50 percent more to motorcycles.