India moves ahead with tariffs on US goods

India is moving forward with plans to hit back at the United States over trade.The country has proposed hiking...

Posted: Jun 18, 2018 1:11 PM
Updated: Jun 18, 2018 1:11 PM

India is moving forward with plans to hit back at the United States over trade.

The country has proposed hiking tariffs on 30 US products in order to recoup trade penalties worth $241 million, according to a revised World Trade Organization filing.

India said the retaliatory barriers are equal in value to US tariffs on steel and aluminum from India that were imposed by the Trump administration in March.

The new tariffs target products including American almonds, walnuts and apples, as well as some chemical and metal products.

India said its tariff on large American motorcycles, which President Donald Trump has repeatedly spoken out against, will also be hiked.

The latest filing with the World Trade Organization submitted by New Delhi is dated June 14. It updates an initial complaint about US metals tariffs made on May 18.

Related: American businesses brace for pain from trade fight with China

India said last month that its proposed tariffs on US goods would take effect by June 21.

The Indian government is also leaving the door open for further tariff hikes, it said in its latest notification.

"India reserves the right to adjust the specific products for which [tariffs would apply], and its right to adjust the additional rate of duty imposed on such products," it said.

Exports of steel and aluminum from India to the United States are worth around $1.2 billion, according to the World Trade Organization filing.

The United States sold goods and services worth $42 billion to India in 2016, according to the US Trade Representative. That translated into a US trade deficit with India of $30.8 billion.

Related: Storm clouds are gathering over the global economy

Tensions between the United States and many of its biggest trading partners have spiked dramatically in recent weeks.

Three of America's biggest trade partners -- the European Union, Mexico and Canada -- are retaliating after the Trump administration allowed exemptions that had spared them from tariffs on steel and aluminum to expire.

And on Friday, China accused the United States of firing the first shot in a trade war when the White House said that it would impose tariffs of 25% on $50 billion worth of Chinese goods.

Beijing said it would respond in kind to the US tariffs.

The moves raise the specter of an intensifying trade war, which would hurt consumers, companies and the global economy.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 501652

Reported Deaths: 10024
CountyCasesDeaths
Harrison34353540
DeSoto32162408
Hinds31977631
Jackson24508383
Rankin22015390
Lee15596235
Madison14597280
Jones13867243
Forrest13461252
Lauderdale11998317
Lowndes11065188
Lamar10522136
Pearl River9547237
Lafayette8557140
Hancock7740127
Washington7443160
Oktibbeha7147133
Monroe6787178
Warren6706176
Pontotoc6677104
Neshoba6642206
Panola6542131
Marshall6476135
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Union605794
Pike5824152
Alcorn5676102
Lincoln5439135
George497479
Scott473098
Tippah470381
Prentiss469182
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Itawamba4640105
Adams4592119
Tate4592111
Copiah448792
Simpson4448116
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Leake408688
Newton381779
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Attala331789
Jasper330165
Winston314691
Clay308977
Chickasaw301067
Clarke292594
Calhoun279447
Holmes267987
Smith264150
Yalobusha234547
Tallahatchie228251
Greene219449
Walthall218764
Lawrence213140
Perry205956
Amite205256
Webster203046
Noxubee186840
Montgomery179657
Jefferson Davis172243
Carroll169338
Tunica160039
Benton149239
Kemper141941
Choctaw133326
Claiborne132837
Humphreys129638
Franklin120328
Quitman106528
Wilkinson105139
Jefferson94734
Sharkey64220
Issaquena1937
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Alabama Coronavirus Cases

Cases: 820312

Reported Deaths: 15407
CountyCasesDeaths
Jefferson1148731924
Mobile726221339
Madison52362697
Shelby37640350
Baldwin37266552
Tuscaloosa35120612
Montgomery34123740
Lee23540246
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Walker11221370
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Autauga10048148
Jackson9877184
Coffee9211191
Dale8904185
Colbert8877201
Tallapoosa7093198
Escambia6778134
Covington6715183
Chilton6648162
Russell637559
Franklin5969105
Chambers5612142
Marion5010127
Dallas4979200
Pike4796106
Clarke475884
Geneva4575127
Winston4522103
Lawrence4327117
Bibb425386
Barbour357876
Marengo338390
Monroe331664
Randolph329864
Butler326796
Pickens316584
Henry312866
Hale311688
Cherokee302960
Fayette294180
Washington251651
Cleburne247760
Crenshaw245375
Clay243368
Macon234863
Lamar224847
Conecuh186353
Coosa180340
Lowndes175464
Wilcox168939
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Greene126744
Choctaw88527
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