Trump goes against India: Tariffs on American products are unacceptable

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 Trump goes against India: Tariffs on American products are unacceptable


U.S. President Trump again attacked India for imposing retaliatory tariffs on U.S. goods on the 9th local time.

India has long used this opportunity to impose tariffs on American products. No longer acceptable! Trump wrote in his tweet on the 9th.

Trump Twitter screenshot

Last month, Trump called for India to withdraw tariffs. At that time, Trump said, For many years [India] has imposed high tariffs on the United States, and recently it has further increased tariffs. This is unacceptable. These tariffs must be withdrawn!

Trump Twitter screenshot

The United States and India have also been unhappy about tariffs recently. According to previous media reports, after the U.S. government imposed tariffs on Indian steel and aluminium products and abolished the general preferential treatment to India, on June 14, the Times of India and other media reported that India would impose tariffs on 29 kinds of U.S. goods from the 16th. Indias Ministry of Finance will soon issue a notice.

The Times of India quoted government sources as saying that after several delays, India decided to impose additional tariffs on 29 American products, including almonds, walnuts, beans and rolled iron products, with a maximum tax rate of 120 per cent, involving about $220 million in US goods.

In March 2018, the Trump government announced a tariff increase on imported steel and aluminium products. As India is one of the major exporters of American steel and aluminium products, the decision increased the tariff of Indian steel and aluminium products by US$240 million. In addition, from June 5 this year, the United States Government decided to terminate the GSP treatment in India. As a result, more than 2,900 Indian goods valued at about $5.6 billion can no longer enjoy the tariff relief preferences previously offered by the United States.

Source: Global Times - Global Network Responsible Editor: Li Wan_B11284