{"id":299044,"date":"2018-06-22T15:45:49","date_gmt":"2018-06-22T10:15:49","guid":{"rendered":"http:\/\/www.tehelka.com\/?p=299044"},"modified":"2018-06-28T13:01:33","modified_gmt":"2018-06-28T13:01:33","slug":"india-retaliates-trumps-imposition-of-heavy-tariffs-raises-import-duties-on-agri-products-other-items","status":"publish","type":"post","link":"https:\/\/tehelka.com\/india-retaliates-trumps-imposition-of-heavy-tariffs-raises-import-duties-on-agri-products-other-items\/","title":{"rendered":"India retaliates Trump’s imposition of heavy tariffs, raises import duties on agri products, other items\u00a0"},"content":{"rendered":"

India strongly retaliated against US President Donald Trump’s imposition of heavy tariffs on imported steel and aluminium items by raising tariffs on a slew of items, including agri products and other items.<\/span><\/p>\n

The duty hike would come into effect immediately for 28 products but for\u00a0artemia, a kind of shrimp, the rate hike would be effective from August 4<\/span><\/span>, said the finance ministry.<\/span><\/p>\n

Prime Minister Narendra Modi’s administration’s retaliatory move came in wake of a global trade war between the U.S. and its key trading partners.<\/span><\/p>\n

“The increase in tariffs is a message to the U.S. administration to take concerns of other nations seriously,” said Sachin Chaturvedi, director general at New Delhi-based think tank Research and Information System for Developing Countries.<\/span><\/p>\n

He added, “Now this is unlikely to remain confined to a tariff war and will escalate to non-tariff measures as well.”<\/span><\/p>\n

The EU this week triggered the first phase of retaliation against the U.S. over its metal-import tariffs imposed on national-security grounds.<\/span><\/p>\n

India has also towed the US to the WTO dispute settlement mechanism over the imposition of import duties on steel and aluminium as raised levies has affected steel exports by $198.6 million and aluminium shipments by $42.4 million.<\/span><\/p>\n

Ministry of Finance revealed India to raise import duty on chickpeas and Bengal gram, or chana, to 70 percent and with effect from August 4<\/span><\/span>.<\/span><\/p>\n

India will increase tariffs on other items, including walnuts, almonds, boric acid, apples, diagnostic reagents, some hot-rolled coil products, other alloy steel, tube and pipe fittings, and screws, bolts and rivets.<\/span><\/p>\n

“Responses of partner nations are adequate enough to force the U.S. to do that,” said Biswajit Dhar, a professor at the Jawaharlal Nehru University.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

India strongly retaliated against US President Donald Trump’s imposition of heavy tariffs on imported steel and aluminium items by raising tariffs on a slew of items, including agri products and other items. The duty hike would come into effect immediately for 28 products but for\u00a0artemia, a kind of shrimp, the rate hike would be effective […]<\/p>\n","protected":false},"author":15,"featured_media":299402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[167],"tags":[574,316,50,51],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/299044"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=299044"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/299044\/revisions"}],"predecessor-version":[{"id":299404,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/299044\/revisions\/299404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/299402"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=299044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=299044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=299044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}