India to remove retaliatory customs duties on eight US products

During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO (World Trade Organisation) disputes and the removal of these retaliatory tariffs on certain US products. In 2018, the US imposed an import duty of 25 per cent on steel products and 10 per cent on certain aluminium products on grounds of national security. In retaliation, India in June 2019 imposed customs duties on 28 American products.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/d2LRc36

Comments

Popular posts from this blog

Shaky Street: Sensex surges 1.1k points day after 2.2k-point crash

ONGC-NTPC green JV acquires Ayana in $2.3 billion deal

Mobile companies seek zero duty on US imports