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| India-Pakistan |
| India may slap retaliatory tariffs on American goods ahead of Pompeo's visit next week |
| 2019-06-14 |
| [RT] New Delhi is preparing to respond against unfriendly US trade policies directed at it, by hiking levies on 29 American goods, in all worth up to $290 million, Indian media has reported, citing its sources. The retaliatory measure may be implemented from June 16, according to the Economic Times daily newspaper. The tariffs are set to target walnuts, chickpeas, lentils, boric acid and diagnostic reagents, among other US products. India has been threatening the US with retaliatory tariffs since last June, after the Trump administration slapped extra duties on the country’s steel and aluminum exports. However, New Delhi postponed introducing the response measure several times since then, citing ongoing trade negotiations with Washington. “There will be no further extension of the retaliatory tariffs,” the Economic Times reported, citing an official familiar with the matter, who added that India’s commerce department and external affairs ministry support the decision. The Indian government has not officially announced the tariffs nor has it commented on the report, so far. Apart from additional tariffs, US President Donald Trump annulled India’s trade benefits stipulated under the Generalized System of Preferences (GSP) program, starting June 5. Around $5.6 billion-worth of Indian products used to enjoy duty-free access to the American market annually under the GSP deal. Washington maintains that New Delhi failed to provide American companies with “equitable and reasonable” access to local markets. At the same time the US has been seeking to narrow its $21-billion trade deficit with India while accusing the country of ‘unfair’ trade practices. |
| Posted by:Skidmark |
| #8 perhaps a tax on robocalls |
| Posted by: Frank G 2019-06-14 19:14 |
| #7 Also, I note all the indefinite verbiage An important component of way too many news stories lately. No more "Dog Bites Man". Now it's all "According to Experts, Man May Bite Dog by 2050". Once you notice it, it's everywhere. |
| Posted by: SteveS 2019-06-14 18:32 |
| #6 Leftist media source though. Compounded by Russia Today trying to stir up trouble. Also, I note all the indefinite verbiage — preparing, may be implemented, threatening, postponed, not officially announced, possible introduction — and all the anonymous government officials. I also note, neither profoundly nor originally, that there are two ways to reduce trade deficits: increase American exports to the country or decrease American imports from it. Either way will hurt India more than it does the U.S. |
| Posted by: trailing wife 2019-06-14 18:04 |
| #5 A lot of the manufacturing businesses leaving China could go to India, resulting in the India Miracle, or not, depending on tariff levels. Bad time to get into a tariff war with the USA. |
| Posted by: Snerert Phusing2590 2019-06-14 17:39 |
| #4 Leftist media source though. Always bashing Trump and projecting itself as nationalist. Troublemakers. |
| Posted by: Dron66046 2019-06-14 15:48 |
| #3 People in the USA can go without wooden earrings and jute bags. But people in India will still want Harleys. This is posturing really, to show China some solidarity maybe. We even allowed Huawei to build their plant recently. A lot of fireworx and curry with chopsticks. It won't do Modi any good to rub Trump the wrong way right now, even if he's on a roll. |
| Posted by: Dron66046 2019-06-14 15:45 |
| #2 How about shutting down the phone lines while you are at it. |
| Posted by: Procopius2k 2019-06-14 15:44 |
| #1 Yeah, who cares. |
| Posted by: Skidmark 2019-06-14 15:12 |