Views: 1204|Replies: 5

India to impose tariffs on some US goods [Copy link] 中文

Rank: 8Rank: 8

Post time 2018-8-5 09:06:07 |Display all floors

(Indian Express) India has announced retaliatory tariffs on some US goods, after Washington refused to exempt it from tariffs imposed by the Trump administration.

India has said that higher tariffs against some goods imported from the United States will go into force on September 18.


New Delhi, incensed by Washington’s refusal to exempt it from new tariffs, decided in June to raise import tax from August 4 on some US products, including almonds, walnuts and apples, but later delayed the move.


Officials from New Delhi and Washington, including US Secretary of State Mike Pompeo and Defense Secretary Jim Mattis, are scheduled to hold a series of meetings including strategic talks with their Indian counterparts in September.


Trade differences between India and the US have been rising since President Donald Trump took office.


Bilateral trade rose to $US115 billion ($A155 billion) in 2016, but the Trump administration wants to reduce its $US31 billion deficit with India, and is pressing New Delhi to ease trade barriers.


India, the world’s biggest buyer of US almonds, in June decided to raise import duties on the commodity by 20 per cent, joining the European Union and China in retaliating against Trump’s tariff hikes on steel and aluminium.


It had also planned to impose a 120 per cent duty on the import of walnuts, in the strongest action yet against the US.


India has proposed to buy petroleum products from the US to help narrow the trade deficit.


The United States has also emerged as a top arms supplier to India and US companies are bidding for military aircraft deals worth billions of dollars.

Use magic tools Report

Rank: 8Rank: 8

Post time 2018-8-5 12:35:21 |Display all floors
What's new?  Many countries have beaten India to it, imposing tariffs on US sometime ago! The US has made many enemies!

Use magic tools Report

Rank: 8Rank: 8

2015 Most Popular Member Medal

Post time 2018-8-5 13:23:08 |Display all floors
When you push on the world, the world will push back.
This is something Trump is not familiar with.
He was born into a privileged, well connected business family in New York.
Now he is finally learning how the rest of the world works.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

Use magic tools Report

Rank: 8Rank: 8

Post time 2018-8-5 14:09:12 |Display all floors
It's so easy for the US to balance its trade with China, just sell what China wants to buy, high tech products!

Use magic tools Report

Rank: 8Rank: 8

Post time 2018-8-6 15:59:09 |Display all floors
pnp Post time: 2018-8-5 14:09
It's so easy for the US to balance its trade with China, just sell what China wants to buy, high tec ...

RE:   "to balance its trade"

The whole expression; 'trade balance' is nonsense...
    China is not telling Trump what they must buy.   American traders and businesses leaders do the ordering...

  Is anyone stupid enough to believe that China is forcing American dealers like Wall Mart etc to buy their stuff by holding a loaded gun at their head???

Use magic tools Report

Rank: 8Rank: 8

Post time 2018-8-6 17:53:40 |Display all floors
Yes, I've said the same somewhere else!  Trump is playing politics!

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.