India’s trade ministry proposes delaying retaliatory tariffs on U.S. goods



Neha Dasgupta | Reuters

NEW DELHI (Reuters) – India’s trade ministry has proposed that the government delays by a month the imposition of retaliatory tariffs on some U.S. goods that were due to go into effect from April 1, a trade ministry spokeswoman told Reuters on Friday.

Trade friction between India and the United States has escalated after U.S. President Donald Trump announced plans earlier this month to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.

Indian officials believe India could lose its preferential treatment in early May. The Indian government has asked the U.S. administration to review its decision, two government officials with close knowledge of the matter said.

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