MUMBAI, India — India announced late Saturday that it would raise tariffs on 28 categories of imports from the United States, the latest escalation in what has been a slow-motion trade fight between the two countries.

The increased tariffs, on $1.4 billion of goods, went into effect Sunday morning in India and cover almonds, walnuts, apples and finished metal items, among other products.

Unlike other trade battles that President Trump has waged, such as the increasingly bitter feud with China, the conflict with India threatens far high economic pain to either country.

Tariffs on almonds, for example, will go up about 120 percent under the new rules — but that translates into a wholesale price increase of about 4.5 cents a pound for almonds in the shell, according to industry officials. India is one of the largest markets in the world for almonds from California, which produces most of the global supply, but growers are more focused on wooing Indian shoppers from locally grown nuts like cashews than on the trade duties.

India first proposed the tariffs a year ago in response to the Trump administration’s increased tariffs on imported aluminum and steel.

But the Indian government kept postponing the duties as it tried to negotiate a broader trade agreement with Washington. Those talks broke down as India headed to elections this year.

At the end of May, President Trump announced he was revoking a preferential trade status for more than $5 billion in imports from India, a move that American officials had been considering for over a year. That prompted India to finally move forward with its long-threatened tariffs.


The tit-for-tat response allows both countries to signal that they are being tough on trade before two bilateral meetings this month: first a visit by Secretary of State Mike Pompeo to New Delhi, and then a planned meeting between Mr. Trump and India’s recently re-elected prime minister, Narendra Modi, at the G-20 summit meeting in Japan at the end of June.

Those conversations are also expected to address more substantive disputes between the countries, such as the American embargo on Iranian oil and India’s planned purchase of Russian-made S-400 air defense systems.

https://www.google.com/amp/s/www.nytimes.com/2019/06/15/business/india-tariffs-trade-trump.amp.html


Cc: Cc:
Lalasticlala
Mynd44
Seun
naijacutee
dominique
FOD
puskin

I’m with India

Namaste india.USA think they can mess with all countries.

which kind problem be this one bikonu?

Lol animals with horn are invited for a round meeting discussion even snails like India want to show face

The next level of poverty bashing wanting to strike India is still pressing up

GodSaklek:

My mother was 19 years old when you had sex wth her?,Lol ashi'ere paedophile molester,count ursef lucky,u ar stil complaining abt the way i type?,inferiority complex.
I can type d way i want,the fact that u can undastand wat i writes,english is nothng to me,atleast english people cant write or speak my language,its only in nigeria u wil see a slave like u wanted to kil themsef cuz of ordinary english,travel outside of that ur shithole to hav more xposure,SA dnt giv a fuk abt english,a country where all their languages are official,i value my culture & language over foreign

Messed up soul

GodSaklek:
MUMBAI, India — India announced late Saturday that it would raise tariffs on 28 categories of imports from the United States, the latest escalation in what has been a slow-motion trade fight between the two countries.

The increased tariffs, on $1.4 billion of goods, went into effect Sunday morning in India and cover almonds, walnuts, apples and finished metal items, among other products.

Unlike other trade battles that President Trump has waged, such as the increasingly bitter feud with China, the conflict with India threatens far high economic pain to either country.

Tariffs on almonds, for example, will go up about 120 percent under the new rules — but that translates into a wholesale price increase of about 4.5 cents a pound for almonds in the shell, according to industry officials. India is one of the largest markets in the world for almonds from California, which produces most of the global supply, but growers are more focused on wooing Indian shoppers from locally grown nuts like cashews than on the trade duties.

India first proposed the tariffs a year ago in response to the Trump administration’s increased tariffs on imported aluminum and steel.

But the Indian government kept postponing the duties as it tried to negotiate a broader trade agreement with Washington. Those talks broke down as India headed to elections this year.

At the end of May, President Trump announced he was revoking a preferential trade status for more than $5 billion in imports from India, a move that American officials had been considering for over a year. That prompted India to finally move forward with its long-threatened tariffs.


The tit-for-tat response allows both countries to signal that they are being tough on trade before two bilateral meetings this month: first a visit by Secretary of State Mike Pompeo to New Delhi, and then a planned meeting between Mr. Trump and India’s recently re-elected prime minister, Narendra Modi, at the G-20 summit meeting in Japan at the end of June.

Those conversations are also expected to address more substantive disputes between the countries, such as the American embargo on Iranian oil and India’s planned purchase of Russian-made S-400 air defense systems.

https://www.google.com/amp/s/www.nytimes.com/2019/06/15/business/india-tariffs-trade-trump.amp.html


Cc: Cc:
Lalasticlala
Mynd44
Seun
naijacutee
dominique
FOD
puskin

This serial FRAUDSTER get out of business section and stay out. No matter how many new accounts you create or old ones you bring back i will still get you.

I won't rest till i collect my money