Tariffs: India answers America’s steel almonds-almonds! New rar erupts on tariff
The American tariff did not take the name of war. The Trump Administration of America has added steel to this tariff page. The US levied 25 percent tax on metals such as Steel and Aluminum, which touches all countries, including India, which easily sells them in American markets. In such a situation, India has also made its mind to revenge. A report based on sources that India can discontinue concessions given to the US on dry fruits such as almonds and walnuts. It increases importance of dry fruit. If this happens, American dry fruit entry in India will be greatly reduced. This can cause a strong shock to America.
Sources learned about the case, while talking to ‘Hindustan Times’, informed India’s revenge. India is one of the largest markets of American almonds and Walnut and India will have to suffer heavy losses if India puts more tariffs on these dry fruits.
India is preparing to respond to America
In its report, India said in its report that India should retaliate to the US by suspending New Delhi’s trade concessions after New Delhi’s WTO notice was rejected by New Delhi’s WTO notice in the case of Washington Heavy Duty on Steel and Aluminum.
Also read: Will Trump tariff on India now be reduced to almonds from America?
On May 9, India officially told the World Trade Organization (WTTO) that it would be effective from March 12 that it would be able to withdraw the concessions given to the US in response to the 25 percent of Washington on Washington and Aluminum imports.
America’s dry fruits come to India?
In India, there are large -scale dry fruit imports from the US. There is more share in almonds and walnuts. Under a special concession, India is allowed to import low import tariffs. It benefits India as well as India. But America has more benefits. The US gets a big market like India, but the people of India will get powdered fruits cheaper due to the decline in import tariffs. But this situation may stop because India can stop this concession.
If India concludes concessions, American doctor’s entry in Indian markets will decrease because the goods are expensive. Dry fruit rates also increase, which decreases demand in Indian markets. In this way, American traders and traders can get a deep shock.
