India To Remove Retaliatory Tariffs On Eight US Products

India plans to remove additional duties on eight US products, including chickpeas, lentils, and apples, which were imposed in 2019 in response to the US measure to increase tariffs on certain steel and aluminium products, according to government sources.

Both countries decided to terminate six WTO (World Trade Organization) disputes and remove retaliatory tariffs on certain US products during the recent state visit of Prime Minister Narendra Modi to the US.

In 2018, the US imposed an import duty of 25 per cent on steel products and 10 per cent on certain aluminium products on grounds of national security. India retaliated in June 2019 by imposing customs duties on 28 American products.

India's bilateral goods trade with the US increased to $128.8 billion in 2022-23, compared to $119.5 billion in 2021-22, making the US India's largest trading partner.