INDIA PLANS TO INCREASE 100 PERCENT OF TARIFFS

Lucknow, May 21, (way2newstv.in):

America is overwhelming against globalization, India has decided to do the same.India is making efforts to hit the US as a bite of bite. It is hoped to pull the foreign aggressor on foreign trade. As part of this, it is planning to increase the current duty tariffs on 20 US products imported to India. The World Trade Organization has already made it clear that it will increase tariffs from almonds, apple and other products imported from the US to around 20 per cent from next month. Trump surge charges have been imposed on foreign steel and aluminum imports. US President Donald Trump alleges that foreign imports are becoming a threat to financial institutions in the US. They are paying tariffs on foreign imports. 

INDIA PLANS TO INCREASE 100 PERCENT OF TARIFFS

But this is the reason why it expects Indian exports to be exempt from exports. In this manner, the matter was taken to WTO. Now, if the advance tariffs are not withdrawn, then it will be a minimum of 5 percent of American products imported to India and a maximum of 100 percent tariffs. On March 9, 25 percent on steel imports and 10 per cent on aluminum imports were imposed on tariffs. India, China and other countries have been heavily influenced and other major countries have raised objections. In the 2016-17 fiscal year, India's exports to the US stood at $ 42.21 billion. Imports from the US to India amounted to $ 22.3 billion. Piece, chickpeas, fresh apples, walnut, soybean oil, refined palmolein, cocoa powder, chocolate products, golf car, 800 cc capacity motorcycles and other goods vehicles are imported mainly from India.