U.S. President Donald Trump said that India’s high tariffs on American products are unacceptable. Trump has asked India to withdraw the tariffs it levied on 28 US goods.
India levied tariffs:
Ministry of Commerce has announced to impose retaliatory tariffs on US goods that will be effective from June 16 onwards. The retaliatory tariffs on 28 goods imported from the U.S. The Ministry initially decided to impose tariffs in 2018.
The decision is ahead of the meeting between Modi and Trump on the sidelines of the G20 summit in Japan. The move made by the trade ministry was approved by the Ministry of External Affairs.
The tariffs will be applied on $220-290 million worth of goods that are imported from the US, and will have about the same impact as the tariffs imposed by Washington on India in 2018.