India to levy retaliatory tariffs on 29 US products
Hindustan TimesIn what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. India’s move comes ahead of a meeting between US President Donald Trump and Prime Minister Narendra Modi on the sidelines of a G20 summit on June 28-29 in Osaka, Japan. The trade ministry’s move, which was cleared by the external affairs ministry, comes a day after a senior Trump administration official raised “serious concerns” about India’s planned acquisition of Russian S-400 missile defence systems. Last week, commerce and industry minister Piyush Goyal said India accepts the decision of the US to withdraw GSP benefits to its exporters “gracefully”, and will work towards making the exports competitive.