US Prez calls India’s recently imposed high tariffs ‘unacceptable’
Days after India imposed additional customs duties on 29 products exported to the United States and a day before the high-stake G20 summit, US President Donald Trump on Thursday has asked India to withdraw the same. Indian PM and his US counterpart will meet on Friday on the sidelines of three-day G-20 Summit that commenced today in Osaka, Japan. It is expected that President Trump will bring up the issue in the bilateral meet.
The retaliatory tariffs have been imposed on products including, almonds, walnuts and pulses with effect from June 16 following Washington’s withdrawal of duty-free access to designated products for beneficiary developing countries including New Delhi on June 5. India would get additional revenue of $217 million from such imports.
President Trump tweeted, “I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!”
For over a year now, President Trump has been expressing his displeasure over the India-US economic relationship, especially with regards to high tariffs imposed by India. He has called India ‘tariff king’.
India has been demanding exemption from the high duty imposed by the US on certain steel and aluminium products, resumption of export benefits to certain domestic products under the Generalised System of Preferences (GSP) programme, greater market access for its products from agriculture, automobile and its components and engineering sectors.