India postpones tariff imposition on US imports

The Government of India has further delayed its plans to levy retaliatory import duties on 29 US products till June 16. India planned to levy these duties on American products like almonds, walnuts and pulses in June last year, but it has been postponing the decision since then. The US had announced that it would withdraw benefits to Indian exporters under GSP, which was expected to impact India’s exports worth US$ 5.6 billion. But the US has not yet implemented this decision either, even after its 60-day notice period ended on May 2.