India Responds to US Tariff Hikes With Higher Import Duties on Farm, Steel Products

India joins EU and China in taking retaliatory action against US tariff hikes on steel and aluminium.

New Delhi: India increased duties on a slew of farm products, steel and iron imported from the US, a government notice said, joining EU and China in retaliatory action against President Donald Trump’s tariff hikes on steel and aluminium.

India‘s move came a day after EU’s decision to charge higher import duties on a range of US products.

In tariff rates issued late on Wednesday, India‘s commerce ministry named some varieties of apples, almonds, chickpeas, lentils, walnuts and artemia that would carry higher import taxes. Most of these are purchased from the US.

India also raised duties on some grades of iron and steel products. Last month, India launched a complaint at the World Trade Organisation (WTO) against US over the steel and aluminium duties after it failed to win an exemption.

It also gave a list of products to the WTO that it said could incur higher tariffs.

An official from the steel ministry said at the time that the new tariffs were intended to show displeasure at the US action. Some of the new Indian rates will take effect immediately while the others would go into force on August 4.

Rising trade tensions between the US and some major economies have threatened to derail global growth.

China on Thursday warned that the interests of US workers and farmers will be hurt by Washington’s intent to impose higher tariffs on some imported products.