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Trade differences between India and US rising, tariffs on imported goods from US to go into force on Sept 18

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


Reuters Last Updated at 04 Aug 2018, 07:08 IST India, United States

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

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

Trade differences between India and the United States have been rising since President Donald Trump took office. Bilateral trade rose to $115 billion in 2016, but the Trump administration wants to reduce its $31 billion deficit with India and is pressing New Delhi to ease trade barriers.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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