INVC NEWS
New Delhi,  


The USA imposed a global additional tariff of 25% and 10% on import of steel and aluminum products in March, 2018. In response, Government of India has imposed retaliatory tariffs on 28 products originating or exported from the US with effect from 16th June, 2019 vide notification no. 17/2019-Customs dated 15th June, 2019 of Department of Revenue.

The retaliatory tariffs are expected to have an additional impact in terms of duty incidence of about USD 217 Million (approx.) on these 28 products imported from US.

India has been continuously engaged with US on this issue, as part of the ongoing bilateral trade dialogue. The US did not accede to India’s request for withdrawal of these duties.

This information was given by the Minister of Commerce and Industry, Piyush Goyal,