India for customs duty hike on 30 US items


"The suspension of concessions will continue to apply until the US' safeguard measures are lifted", it said.

The revised list of 30 items includes motorcycles, certain iron and steel goods, boric acid and lentils, on which India proposes to raise customs duty by up to 50 percent.

India has dragged U.S. to the dispute settlement mechanism in WTO over a step taken by Trump administration in which it levied 25 percent additional tariff on steel and 10 percent on aluminium.

India has made a decision to suspend concessions on 30 products originating from the United States.

It said that the duty imposed by America has affected steel exports by $198.6 million, while the same on aluminum was $42.4 million.

In direct response to USA tariffs on steel and aluminum, India last week said it would place tariffs on 30 US product lines - from apples to chemical products - worth $241 million.

In separate news, China announced Friday it would impose a 25% tariff on 545 USA products worth $34 billion, a reciprocal response to the us action against 818 Chinese products announced that same day.

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According to the report, the additional duty hike on the revised list of items ranges from 10 per cent to 100 per cent. India notified the World Trade Organisation (WTO) of its decision to suspend concessions to the U.S. on Wednesday and expects around 8.09 million of duty to be collected through the measure. However, US president Donald Trump's trade tantrums have put the world's largest economy in conflict with other countries, too, like Canada and those in Europe. This is the first time that India has levied retaliatory tariffs on any country.

India had asked the USA government to exempt it from its 25% levy on steel and 10% on aluminium imposed by President Donald Trump on grounds of national security.

The ongoing trade war between the U.S. and China has caught global attention.

Assistant US trade representative Mark Linscott is likely to visit India in the last week of June to negotiate a "trade package", the official quoted earlier said.

The decision to begin retaliatory measures against the US, however, is particularly surprising because Commerce Minister Suresh Prabhu, on his return from the USA on Friday, indicated that the two countries would try to resolve their issues through dialogue.

India's exports of steel and aluminum products to America stood at about $1.5 billion every year. India's reprisal follows the USA government's reported snubbing of a request from India to be exempted from the higher tariffs. Talking to press on the sidelines of the G7 summit in Canada, Trump had explicitly accused India of charging 100 percent tariff on some United States goods.