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India to remove retaliatory duties
The Business Guardian
|June 26, 2023
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.
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During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO (World Trade Organisation) disputes and the removal of these retaliatory tariffs on certain US products.
In 2018, the US imposed an import duty of 25 per cent on steel products and 10 per cent on certain aluminium products on grounds of national security. In retaliation, India in June 2019 imposed customs duties on 28 American products.
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