The move was in retaliation to the duty hike by the USA on certain steel and aluminium products which had tariff implication of $241 million on India.The duty hike by India would have an equivalent tariff implications for the US.
As per the notification, apples imported from the U.S. will attract the duty of 75 per cent as against 50 per cent earlier. The customs duty on chickpeas and Bengal gram have been hiked to 60 per cent.
New Delhialso imposed a 120 percent duty on the import of walnuts in the strongest action yet against the United States. It is a $241 million measure that matches the amount of steel and aluminum import duty expected to be collected from India by the United States after the Trump administration imposed the measures earlier this year. But, he said, the move could hurt India's economic growth as the country diversifies its exports, as well as prompt India "to re-look at USA relations as undependable".
In May it had given a list of products to the WTO that it said could incur higher tariffs. Duty on Artemia, a kind of shrimp, has been raised to 30 per cent.
However, in government notification there is no mention of duty hike on motor cycle with engine capacity of over 800cc.
The duty on boric acid and binders for foundry moulds has been hiked to 7.5 per cent, while that on domestic reagents was raised to 10 per cent.
Interestingly, as per the list India submitted to the WTO, it had proposed to hike customs duty on specified motorcycles, that primarily include Harley Davidsons. On February 26, days after India abruptly announced slashing of duties on imported motorcycles, Trump made it clear that he did not think these this was enough.
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From lentils to path lab reagents, India's retaliatory tariffs seek to protect farmers and boost domestic industry equally.
For automobiles and earth moving equipment, SIM socket/other mechanical items (metal) for use in the manufacture of cellular mobile phones, the duty has been hiked to 25 per cent from 15 per cent. Sources said out of 30 items proposed, India has "excluded motorbikes above 800 cc".
For iron and steel products, the increase is at least 50 per cent of the existing rate (from 15 to upwards of 22.5 per cent). Worth mentioning here is that India took the stand in retaliation to the duty raise by the Donald Trump administration on steel and aluminium products which had tariff implication of United States dollars 241 million on India.
According to documents filed with the World Trade Organization, Turkey will slap $267 million in tariffs on $1.8 billion worth of products that the United States exports to Turkey.
Trade differences between India and the United States have been rising since U.S. President Donald Trump took office. India has also dragged the United States to the dispute settlement mechanism in the WTO over the matter. India exported goods worth Dollars 42.21 billion to the USA in 2016-17, while imports were USD 22.3 billion.
The U.S. Trade Representative said in April that the United States' trade deficit with India had fallen to $23 billion in 2017, a 6 percent decrease, as U.S. goods exported to India rose almost $26 billion, up 18 percent from the previous year.