India raised duties on goods from the United States


India decided to increase duties regarding 28 items from the United States from June 16. It will cost American companies about 200 - 300 million dollars, experts calculated. India, the volume of duty-free shipments of which to the United States reached $5.5 billion in 2017, has lost the benefits granted to a number of countries under the Generalized System of Preferences since June 5. Analysts believe that the introduction of duties on US imports has become the Indian response, both to these actions by the United States and to the increase in duties on steel supplies by 25% and aluminum by 10%. The American leadership is making claims to India in connection with the high tariffs in the country that limit access to its market. Trade barriers created in India, according to the US, have caused a huge trade deficit with India, reaching $27.3 billion in 2017.

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