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India is now imposing increased tariffs on 28 U.S. products including apples, almonds and walnuts, a move seen as a retaliatory act.
The new tariffs on $240 million worth of goods went into effect Sunday and include levies of up to 70%.
In early June, President Trump announced India would lose its trade privileges with the country as a beneficiary of the Generalized System of Preferences.
On Saturday, India amended a previous order “to implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA,” according to a government notification, which noted the existing rate would be preserved on goods for other countries.
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Secretary of State Mike Pompeo, who is expected to visit India this month, said this week the United States is open to resolving trade differences with the country if there’s greater access for U.S. firms to its markets, according to Reuters.
U.S. Department of Agriculture data shows that India is the largest buyer of the nation’s almonds, paying $543 million for more than half of the imports. It’s also the second-largest buyer of the nation’s apples, buying $156 million worth in 2018.
Other exports included in the higher tariffs include lentils and some chemical products.
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