India to slap tariffs on 28 United States products on Sunday - statement

A man holds the flags of India and the US while people take part in the 35th India Day Parade in New York in this

A man holds the flags of India and the US while people take part in the 35th India Day Parade in New York in this

Commerce Minister Piyush Goyal had indicated last week that India might not pursue a resolution to the withdrawal of trade benefits under the United States programme, known as the Generalised System of Preferences (GSP).

Last year India announced higher tariffs on a clutch of items in retaliation against the U.S.by imposing higher levies on some products shipped from the South Asian nation, mirroring steps taken by China and the European Union.

Amending its June 30, 2017 notification, the Central Board of Indirect taxes and Customs (CBIC) told news agency PTI that Saturday's notification will "implement the imposition of retaliatory duties on the 28 specified goods originating in or exported from U.S. and preserving the existing MFN rate for all these goods for all countries other than USA".

The Commerce Ministry is said to have advised the Department of Revenue to implement retaliatory tariffs on eight times.

India initially issued an order in June past year to raise import taxes as high as 120 percent on a slew of USA items, following Washington's refusal to exempt New Delhi from higher steel and aluminium tariffs.

Man City Given Favorable Start to 2019-2020 Premier League Schedule
According to the Daily Mail fans could have to pay upwards of £900 to subscribe to Sky Sports , BT Sports and Amazon Prime. The first Merseyside derby between Liverpool and Everton will also be in early December, on a midweek night.

Trump and Modi are set to meet at the G20 summit on June 28-29 in Osaka where the sticky trade issue is likely to be taken up.

Previously, India has called the withdrawal of GSP benefits "unfortunate", and vowed to "always uphold its national interest in these matters".

India's exports to the U.S.in 2018-19 stood at $52.40 billion while imports were $35.54 billion. But it was delayed by New Delhi on several occasions as its trade talks with Washington were ongoing.

India is seeking to raise tariffs on a slew of products imported from the U.S. starting next week, just days ahead of a visit by U.S. Secretary of State Michael Pompeo aimed at deepening defense and energy ties between the two nations.

New Delhi's new rules in areas such as e-commerce and data localization have already angered the United States and hit companies such as Amazon.com, Walmart Inc, Mastercard and Visa, among others.

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