Government again extends retaliatory import tariff deadline on 29 US products till 16 May
5 years, 8 months ago

Government again extends retaliatory import tariff deadline on 29 US products till 16 May

Firstpost  

New Delhi: The government has again extended its deadline to impose retaliatory import duties on 29 US products, including almond, walnut and pulses, till 16 May. These deadlines were extended several times since June 2018, when India decided to impose these duties in retaliation to a move by the US to impose high customs duties on certain steel and aluminium products. India wants US to exempt them from the high duty imposed on certain steel and aluminium products, provide greater market access for agriculture, automobile, automobile components and engineering sector products. On the other hand, the US is demanding greater market access through a cut in import duties for its agriculture goods, dairy products, medical devices, IT and communication items.

India Duties Import 30 Percent 16 May 6 May Gsp Gsp Benefits Products Till  retaliatory  benefits  high  29  extends  impose  import  withdraw  duty  products  till  duties  tariff  gsp  deadline  india  16

History of this topic

India may tweak customs duties, regulations in budget to back local component manufacturing, ease trade
49 minutes ago

India may tweak customs duties, regulations in budget to back local component manufacturing, ease trade

Live Mint  

New Delhi: The government may rework and simplify customs duties and procedures in select sectors in the Union budget for FY26 to make it attractive for manufacturers of finished goods to also produce components or semi-finished goods, according to two people familiar with the matter. Calibrating customs tariffs to improve the viability of investments in finished products and the intermediate …

Reduce customs duty slabs to 5; simplify structure to boost mfg, exports:GTRI to Govt
1 day, 22 hours ago

Reduce customs duty slabs to 5; simplify structure to boost mfg, exports:GTRI to Govt

Live Mint  

New Delhi, Jan 13 The government should simplify the customs duty structure by reducing slabs from over 40 to 5, and ensure that raw materials are taxed lower than finished goods in the forthcoming Budget to cut import bills, boost manufacturing and exports, think tank GTRI said on Monday. Suggesting lowering India's average tariff to about 10 per cent, the …

We have to wait and watch to see how it pans out: Official on Trump’s tariff threat
3 weeks, 6 days ago

We have to wait and watch to see how it pans out: Official on Trump’s tariff threat

Live Mint  

New Delhi, Imposing reciprocal duties violates global trade rules but one has to follow a "wait and wait" approach to US President-elect Donald Trump's remarks on imposing reciprocal tariffs, a senior official said on Wednesday. US President-elect Donald Trump has said that India charges a lot of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New …

Trump’s tariff proposal opens opportunity for India: Virmani
1 month, 3 weeks ago

Trump’s tariff proposal opens opportunity for India: Virmani

Live Mint  

New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Relative …

India poised to gain from Trump’s potential tariff hike on China, says report
2 months ago

India poised to gain from Trump’s potential tariff hike on China, says report

Live Mint  

Following Donald Trump's victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. Such policies aim to reduce the U.S. dependence on Chinese imports, a move that could disrupt established trade channels and prompt companies …

Ahead of Joe Biden visit, India drops tariff hikes on U.S. almonds, apples, walnuts and lentils
1 year, 4 months ago

Ahead of Joe Biden visit, India drops tariff hikes on U.S. almonds, apples, walnuts and lentils

The Hindu  

Two days before U.S. President Joe Biden arrives in New Delhi for a bilateral meeting as well as the G-20 Summit, India has dropped the retaliatory customs tariffs it had imposed on imports of some American goods like almonds, apples, walnuts and lentils, effective September 6, 2023. India had raised import duties on 28 American products in June 2019, after …

U.S. raises concerns on India's decision to curb tech imports
1 year, 4 months ago

U.S. raises concerns on India's decision to curb tech imports

The Hindu  

With the U.S. flagging concerns over India's decision to impose import restrictions on certain electronic devices, both countries have agreed to find a solution to the issue that addresses the concerns of both nations, according to a statement of USTR. "Ambassador Tai also raised concerns related to India's import licensing requirements for technological equipment. Earlier this month, India said that …

After PM Modi's US visit, India to scrap retaliatory customs duties on these products
1 year, 6 months ago

After PM Modi's US visit, India to scrap retaliatory customs duties on these products

Hindustan Times  

India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products, government sources said. During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO disputes and the …

India to remove additional customs duties on eight US products
1 year, 6 months ago

India to remove additional customs duties on eight US products

India TV News  

India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said. India, US agree to end six trade disputes The two countries …

Piyush Goel promises 'big' things to come in India-US trade, takes up delay in business visas
2 years ago

Piyush Goel promises 'big' things to come in India-US trade, takes up delay in business visas

India Today  

Union Commerce and Industry Minister Piyush Goyal, on Wednesday, ruled out talks of a mini-trade deal or a free trade agreement with the Joe Biden government and said that the two countries are “thinking big.” He also noted that revoking of the Generalized System of Preferences is not a priority for the Indian government, reported PTI. The top official said …

Trade tactics: The Hindu Editorial on foreign trade policy revamp
2 years, 3 months ago

Trade tactics: The Hindu Editorial on foreign trade policy revamp

The Hindu  

The Government will release a new foreign trade policy in the coming week, that could include measures to help push up goods and services exports as well as rein in the runaway import bill. However, the old policy’s extensions beyond March 2021, especially the current six-month stretch that drags its end-date to September 30, are not as understandable. The new …

Explained | Have India and U.S. resolved tariff and visa issues?
3 years, 1 month ago

Explained | Have India and U.S. resolved tariff and visa issues?

The Hindu  

The story so far: U.S. Trade Representative Katherine Tai and India’s Commerce and Industry Minister Piyush Goyal this week co-chaired the U.S.-India Trade Policy Forum, which was reconvened after a gap of four years. A February 2020 article by Alyssa Ayres of the New York city-based Council on Foreign Relations, titled ‘A field guide to U.S.-India trade tensions’, lists eight …

US to consider restoring GSP concessions to India
3 years, 1 month ago

US to consider restoring GSP concessions to India

Hindustan Times  

The US-India Trade Policy Forum on Tuesday resumed dialogue after four years where the US said it will consider India’s request for restoring the Generalised System of Preferences that the Trump administration had withdrawn in 2019, affecting Indian exports worth over $6.3 billion, officials said. At the 12th ministerial-level meeting of TPF, co-chaired by commerce minister Piyush Goyal and US …

Breaking the ice: The Hindu Editorial on India-U.S. trade ties
3 years, 1 month ago

Breaking the ice: The Hindu Editorial on India-U.S. trade ties

The Hindu  

On her maiden visit to Asia, U.S. Trade Representative Katherine Tai held bilateral meetings with Commerce and Industry Minister Piyush Goyal and relaunched the U.S.-India Trade Policy Forum. Instead of progress, there were setbacks, including raised import tariffs and the withdrawal of benefits to Indian exporters under the U.S.’s Generalized System of Preferences which triggered retaliatory trade barbs. India’s pharma …

India urges US to restore duty-free export benefits
3 years, 1 month ago

India urges US to restore duty-free export benefits

Live Mint  

India on Tuesday publicly urged the US to restore duty-free export benefits under the Generalised System of Preferences even as both countries agreed to allow market access for mangoes and pomegranates arils from India and cherries and alfalfa hay from the US. In a joint statement after the Trade Policy Forum meeting co-chaired by India’s trade minister Piyush Goyal and …

India-US Trade Ties Hit by Tariff Policies Under Trump Administration: US Congress Report
4 years ago

India-US Trade Ties Hit by Tariff Policies Under Trump Administration: US Congress Report

News 18  

Under the Trump administration, US-India tensions have increased over each side's tariff policies, a Congressional report has said, noting that the two sides have also held concerted negotiations to address these trade frictions. After India lost its eligibility for the US Trade Preference Program, India imposed higher tariffs of 10 per cent to 25 per cent, affecting about USD 1.32 …

U.S. mulling over restoring GSP status for India: Lighthizer
4 years, 6 months ago

U.S. mulling over restoring GSP status for India: Lighthizer

The Hindu  

The United States is mulling over restoring India’s beneficiary status under its trade preference programme Generalised System of Preferences on receiving a counterbalancing proposal from New Delhi, a top Trump administration official told lawmakers on Thursday. “We’re in negotiations with India, we took away their GSP, and we’re in the process of restoring it if we can get an adequate …

India takes US to WTO's safeguard committee for hiking duties on steel, aluminium derivatives
4 years, 9 months ago

India takes US to WTO's safeguard committee for hiking duties on steel, aluminium derivatives

Firstpost  

India has sought consultations with the US, under the WTO’s safeguard agreement, against American authorities’’ decision to increase import duties on derivatives of steel and aluminium products New Delhi: India has sought consultations with the US, under the WTO’s safeguard agreement, against American authorities’’ decision to increase import duties on derivatives of steel and aluminium products. “Accordingly, as an affected …

Trade talks stall as US raises bar on market access in India
5 years, 3 months ago

Trade talks stall as US raises bar on market access in India

Live Mint  

Geneva: Trade talks between India and the US on Tuesday broke down for the time being after Washington made asymmetrical demands for market access in India, while refusing to restore benefits accorded to Indian exporters under the Generalized System of Preferences, analysts said. The US raised the bar very high for market access in India, covering a whole lot of …

After 'Howdy Modi' in Houston, PM, Donald Trump likely to sign trade deal with aim to lower tariffs on American produce, restore GSP status for New Delhi
5 years, 3 months ago

After 'Howdy Modi' in Houston, PM, Donald Trump likely to sign trade deal with aim to lower tariffs on American produce, restore GSP status for New Delhi

Firstpost  

US and India are racing to negotiate a limited trade deal that US president Donald Trump and Prime Minister Narendra Modi can sign at the UNGA in New York at the end of September, people familiar with the talks said. Washington/New Delhi: The United States and India are racing to negotiate a limited trade deal that US president Donald Trump …

44 lawmakers urge U.S. govt to reinstate GSP for India
5 years, 3 months ago

44 lawmakers urge U.S. govt to reinstate GSP for India

The Hindu  

A bipartisan group of 44 influential lawmakers has urged the Trump administration to reinstate India’s designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. “Companies are telling Congress about the American costs — both in dollars and jobs — of lost GSP eligibility for India,” said …

44 influential lawmakers urge Trump administration to reinstate GSP for India
5 years, 3 months ago

44 influential lawmakers urge Trump administration to reinstate GSP for India

India TV News  

A group of 44 influential lawmakers has urged the administration under US President Donald Trump to reinstate India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. "Companies are telling Congress about the American costs - both in dollars and jobs - of lost GSP eligibility …

US lawmakers urge Donald Trump administration to restore India's trade privileges
5 years, 3 months ago

US lawmakers urge Donald Trump administration to restore India's trade privileges

India Today  

Forty-four members of the US Congress have urged President Donald Trump's trade representative to restore trade concessions to India, saying the withdrawal of the privilege had led to retaliatory tariffs from New Delhi which were hurting U.S. industry. In the letter addressed to United State Trade Representative Robert Lighthizer and dated Sept. 17, the members of Congress said: "Just as …

India has world’s “worst” tariffs on U.S. products, says top American Senator
5 years, 4 months ago

India has world’s “worst” tariffs on U.S. products, says top American Senator

The Hindu  

India is “the worst” in terms of high tariffs on American products, a top American Senator claimed on Sunday, ahead of U.S. President Donald Trump’s crucial meeting with Prime Minister Narendra Modi on the sidelines of the G-7 Summit in France which is likely to be dominated by trade frictions between the two countries. President Trump, championing his ‘America First’ …

US to seek rollback of Indian tariffs on agri products; trade delegation to re-start negotiations today
5 years, 6 months ago

US to seek rollback of Indian tariffs on agri products; trade delegation to re-start negotiations today

Firstpost  

India would in return seek better access to the US market for Indian farm products, said an Indian official New Delhi: The United States will seek rollback of Indian tariffs imposed on some agricultural products such as almonds when the two sides meet today, a senior Indian government source told Reuters. A delegation led by Assistant US Trade Representative for …

’No longer acceptable’: Trump again blasts India over tariffs on US products
5 years, 6 months ago

’No longer acceptable’: Trump again blasts India over tariffs on US products

Live Mint  

Washington: US President Donald Trump on Tuesday reiterated his complaints against India, saying New Delhi's tariffs on US products were unacceptable but not giving other details about any possible action amid the two nations' ongoing trade row. Earlier in June, just a day ahead of G20 meeting with PM Narendra Modi in Japan's Osaka, Trump in a Twitter post, demanded …

No longer acceptable: Trump re-emphasises disfavour on India levying high tariffs on American products
5 years, 6 months ago

No longer acceptable: Trump re-emphasises disfavour on India levying high tariffs on American products

India TV News  

United States President Donald Trump on Tuesday re-emphasised his displeasure over India levying high import tariffs on American products, saying it was 'no longer acceptable'. Trump had earlier also called for withdrawal of high import tariffs imposed by India ahead of his meeting with Prime Minister Narendra Modi. "I look forward to speaking with Prime Minister Modi about the fact …

US trade delegation visiting India next week to resolve sticky trade issues; Piyush Goyal to travel to Washington soon
5 years, 6 months ago

US trade delegation visiting India next week to resolve sticky trade issues; Piyush Goyal to travel to Washington soon

Firstpost  

A high-level trade delegation from the US is expected to visit India next week to find ways to resolve the recent trade tensions between the two countries, official sources said Thursday New Delhi: A high-level trade delegation from the US is expected to visit India next week to find ways to resolve the recent trade tensions between the two countries, …

India’s tariff message to the US: Business is business
5 years, 6 months ago

India’s tariff message to the US: Business is business

Hindustan Times  

India’s retaliatory tariffs on $241 million worth of imports from the United States looked so small in comparison to the billions in play in President Donald Trump’s ongoing tariff war with China, to call them modest would be an exaggeration. India mulled the retaliatory tariffs for more than a year after it proposed them in response to President Donald Trump’s …

Gloves off on trade: on India-U.S. tariff row
5 years, 6 months ago

Gloves off on trade: on India-U.S. tariff row

The Hindu  

The government’s decision to finally go ahead and impose retaliatory tariffs on 29 U.S. goods with effect from June 16, almost a year after it first announced them, unambiguously signals that on trade India has decided to join issue with President Donald Trump’s protectionist administration. Mr. Trump chose to go ahead and proclaim on May 31 that he was terminating …

India to impose retaliatory tariffs on 28 US goods
5 years, 6 months ago

India to impose retaliatory tariffs on 28 US goods

Al Jazeera  

The new duties will take effect on Sunday. India will impose higher retaliatory tariffs on 28 United States products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in …

India’s retaliatory tariffs on 28 US products comes into effect
5 years, 6 months ago

India’s retaliatory tariffs on 28 US products comes into effect

Live Mint  

New Delhi: India has raised tariffs on 28 items exported from the US with effect from Sunday in retaliation to America’s withdrawal of preferential access for Indian products from 5 June. The commerce ministry had on Friday made public India’s intention to go ahead with imposition of duty on American products, a move New Delhi had previously deferred in the …

India might impose retaliatory import tariffs on 29 US items
5 years, 7 months ago

India might impose retaliatory import tariffs on 29 US items

India TV News  

India might finally go ahead to impose retaliatory import tariffs against some US goods, sources said on Friday. According to sources, the long overdue retaliatory move, which was first proposed last year, will consist of tariffs on 29 US items and this can come in effect from as soon as next week. Speculations are that the 29 items imported from …

India to impose retaliatory tariffs on 29 U.S. goods from June 16
5 years, 7 months ago

India to impose retaliatory tariffs on 29 U.S. goods from June 16

The Hindu  

India has decided to impose retaliatory tariffs on 29 goods imported from the U.S. from June 16 onwards, officials in the Commerce Ministry told The Hindu. June 16 deadline “India has decided to go ahead and impose the retaliatory tariffs on U.S. items,” the Commerce Ministry official said. The notification to impose the tariffs will be issued by the Finance …

India to levy retaliatory tariffs on 29 US products
5 years, 7 months ago

India to levy retaliatory tariffs on 29 US products

Hindustan Times  

In 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 …

India finally retaliates in tariffs tit-for-tat with US
5 years, 7 months ago

India finally retaliates in tariffs tit-for-tat with US

Live Mint  

In 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 the G20 summit on 28-29 June in Osaka, Japan. The trade ministry’s move, which …

US GSP withdrawal: New markets, subsidy to help India contain trade deficit
5 years, 7 months ago

US GSP withdrawal: New markets, subsidy to help India contain trade deficit

India TV News  

New export markets, financial support and lower crude oil prices are likely to offset the impact on trade deficit caused by US ending preferential treatment to various goods supplied from India. "The withdrawal of GSP benefits to exports will have a one-time impact which will be reflected in the overall trade deficit," Sunil Kumar Sinha, Director, Public Finance and Principal …

Sino-US trade dispute: India should seize opportunities to increase exports in tariff-affected markets
5 years, 7 months ago

Sino-US trade dispute: India should seize opportunities to increase exports in tariff-affected markets

Firstpost  

The tariff war is set to create distortions in both regional and global value chains, and its adverse impact is likely to spread to other developing countries, worsening their existing balance of payment challenges. While the tariffs imposed by the US on China create the largest opportunities in sectors such as machinery, mechanical appliances, and electrical equipment, India’s competitive advantage …

U.S. President Donald Trump ends concessions for Indian exports under GSP
5 years, 7 months ago

U.S. President Donald Trump ends concessions for Indian exports under GSP

The Hindu  

A day after a group of journalists was told that India’s access to preferential trade terms under the U.S.’s Generalized System of Preferences was on its way out, U.S. President Donald Trump issued a proclamation ending the trade benefits effective June 5. Mr. Trump had notified the U.S. Congress on March 4 of his intention to end benefits for India …

India to lose preferential trade terms with U.S. under Generalized System of Preferences programme
5 years, 7 months ago

India to lose preferential trade terms with U.S. under Generalized System of Preferences programme

The Hindu  

India will lose access to preferential trade terms with the U.S. under the latter’s Generalized System of Preferences programme, a Senior State Department official told reporters in Washington DC on Thursday. The official, who did not want to be named, said the restoration of benefits remained a possibility if underlying trade issues were resolved, but the withdrawal of India’s GSP …

US suspension of trade programme with India a done deal: US official
5 years, 7 months ago

US suspension of trade programme with India a done deal: US official

India Today  

The suspension of a U.S. trade preference programme with India is a "done deal," a senior State Department official said on Thursday as Prime Minister Narendra Modi began his second term. President Donald Trump announced in March he would end India's access to the decades-old Generalized System of Preferences trade programme over what the U.S. said was lack of access …

As US delays withdrawing GSP benefits, India postpones retaliatory tariffs
5 years, 8 months ago

As US delays withdrawing GSP benefits, India postpones retaliatory tariffs

Live Mint  

New Delhi: India on Thursday further delayed implementation of its June 2018 order to impose retaliatory tariffs on 29 US products by 14 days till 16 May as it awaits a final word from the US on its decision to withdraw duty-free benefits to Indian exporters. The US also announced in April last year to review the eligibility criteria of …

‘Scrapping India’s trade privileges could hit American consumers’: US senators
5 years, 9 months ago

‘Scrapping India’s trade privileges could hit American consumers’: US senators

Hindustan Times  

A US plan to end preferential duty-free imports of up to $5.6 billion from India could raise costs for American consumers, two US senators have told their country’s trade office, urging a delay in adopting the plan, and seeking more negotiations. If US President Donald Trump presses ahead with his plan to end the Generalized System of Preferences for India, …

Donald Trump withdraws GSP duty benefits for India: Seven charts decode India-US trade over a decade
5 years, 10 months ago

Donald Trump withdraws GSP duty benefits for India: Seven charts decode India-US trade over a decade

Firstpost  

India was the largest beneficiary of the GSP programme in 2017 with $5.7 billion in imports given duty-free status US President Donald Trump on Tuesday announced plans to scrap the preferential trade treatment for India, claiming that New Delhi has failed to assure the US of “equitable and reasonable” access to its markets, a move India said will not have …

US to terminate India as GSP beneficiary: Will India approach WTO against Trump administration's threat?
5 years, 10 months ago

US to terminate India as GSP beneficiary: Will India approach WTO against Trump administration's threat?

Firstpost  

The GSP contains a list of countries and products which are allowed entry into the USA duty-free or on payment of lesser duties. Donald Trump, the famously protectionist American President, informed Congress on 5 March, 2019 that he intends to end India’s and Turkey’s preferential trade treatment under Generalized System of Preferences. Impact of removal of India from GSP program …

US to terminate sops on Indian exports: Markets are key and strategic to businesses on both sides, inevitable to reach an understanding
5 years, 10 months ago

US to terminate sops on Indian exports: Markets are key and strategic to businesses on both sides, inevitable to reach an understanding

Firstpost  

US and India should continue to work towards expanding and balancing their partnership in trade and economic space As the United States President Donald Trump announced his intention to bring to an end the preferential trade status enjoyed by India in relation to duty-free exports from India to the United States, it is necessary to understand what this implies for …

GSP duty benefit withdrawal by US will have marginal impact on few sectors, says exporters body FIEO
5 years, 10 months ago

GSP duty benefit withdrawal by US will have marginal impact on few sectors, says exporters body FIEO

Firstpost  

New Delhi: The US decision to withdraw duty benefits under its Generalized System of Preferences programme will have a marginal impact on few domestic sectors such as processed food, leather, plastic, and engineering goods, exporters body FIEO said on Tuesday. Federation of Indian Export Organisations President Ganesh Kumar Gupta said that as these sectors were availing higher GSP benefits, the …

US withdrawal of duty sops: India's import tariffs not high, within global trade norms of WTO: Govt
5 years, 10 months ago

US withdrawal of duty sops: India's import tariffs not high, within global trade norms of WTO: Govt

Firstpost  

The bilateral trade has increased to $74.5 billion in 2017-18 from $64.5 billion in 2016-17. New Delhi: Rejecting US claims of imposing “tremendously high” tariffs, India on Tuesday said its import duties are not high and are within the norms of the World Trade Organisation. US President Donald Trump had claimed that India is a “tariff king” and imposes “tremendously …

Miffed with Narendra Modi govt’s actions against US firms, Donald Trump threatens retaliation by ending GSP
5 years, 10 months ago

Miffed with Narendra Modi govt’s actions against US firms, Donald Trump threatens retaliation by ending GSP

Firstpost  

The benefit to Indian exports is very low given the already low US customs duties. Narendra Modi government has not only refused to pussyfoot on Pakistan but also not hesitated to initiate bold actions on the commercial front to the world’s largest economy and economic power house, the USA. It is for the same reason that the US President Donald …

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