India Planning Additional Tariffs, Trade Barriers on Hundreds of Goods, Report Says
India plans to raise import duties on more than 150 goods and impose non-tariff barriers on another 100 goods in an effort to protect domestic industry, according to a June 18 Reuters report. The measures, which have been under review…
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since April and are expected to be “gradually outlined” over the next three months, could include license requirements and stricter quality checks, the report said. The decision could target $8 billion to $10 billion worth of imports, including engineering goods, electronics, medical equipment and air conditioners, to deter “lower quality imports which render Indian products uncompetitive,” the report said. The report specifically names China as one of the countries that could be impacted.