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India likely to postpone raising tariffs on U.S. goods

India likely to postpone raising tariffs on U.S. goods

India likely to postpone raising tariffs on U.S. goodsIndia plans to delay the imposition of retaliatory duties on U.S. goods, the trade ministry said on Thursday, to allow time to resolve disputes that worsened after President Donald Trump imposed tariff hikes on steel and aluminium. In June, New Delhi, incensed by Washington’s refusal to exempt it from these new tariffs, announced it would raise import tax on some U.S. products including almonds, walnuts and apples.

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