India again postpones retaliatory import tariffs on US goods to June 16

The Indian government has once again postponed the deadline to impose retaliatory import duties on 29 US products, including almond, walnut, and pulses, by a month.

In a notification issued by the finance ministry, the government said that the implementation of increased customs duty, which was slated to come into effect from May 16, has been postponed to June 16.

These deadlines have been extending since June 2018, when India decided to impose these duties in retaliation to the US’s decision to impose customs duties of 10 per cent on imports of aluminium products and 25 per cent on imports of certain steel products.

The extension of the deadline comes in the backdrop of the US decision to withdraw export incentives provided to Indian exporters under the Generalised System of Preferences (GSP) programme.

America had given 60 days-notice, which ended on May 2 but has yet to withdraw those benefits.

On May 6, the US Commerce Secretary Wilbur Ross and Indian Commerce Minister Suresh Prabhu held bilateral meetings to discuss trade-related issues.

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