English हिन्दी
Connect with us

India News

India hits back with $240 million tariff on 30 items imported from US

Published

7 years ago

on

India hits back with $240 million tariff on 30 items imported from US

[vc_row][vc_column][vc_column_text]In response to a unilateral hike in import tariffs on certain steel and aluminium products by US, India has decided to retaliate by suspending concessions on 30 items it imports from US.

India on Wednesday, June 14, notified to the World Trade Organization (WTO) a revised list of 30 items imported from the US, including almonds, apples, phosphoric acid and motorcycles with engine capacity more than 800 cc (including Harley-Davidson Inc.), on which it intends to impose retaliatory tariffs.

India emphasised that the tariffs will be substantially equivalent to the amount of trade affected due to the US’ measures. Duties hiked by the US on certain steel and aluminium products would have implications of about $241 million on India, the raise in tariffs proposed by New Delhi too would have an equal implication on America, said a Business Standard (BS) report.

According to news agency PTI, US’ decision to hike import duties will have an impact of about $241 million — $198.6 million on steel and $42.4 million on aluminium. India exports only about 4 per cent of its steel and 2 per cent of aluminium to the US. India is looking to hit back with tariffs amounting to the same.[/vc_column_text][vc_raw_html]JTNDYmxvY2txdW90ZSUyMGNsYXNzJTNEJTIydHdpdHRlci10d2VldCUyMiUyMGRhdGEtbGFuZyUzRCUyMmVuJTIyJTNFJTNDcCUyMGxhbmclM0QlMjJlbiUyMiUyMGRpciUzRCUyMmx0ciUyMiUzRUluZGlhJTIwbm90aWZpZWQlMjBXb3JsZCUyMFRyYWRlJTIwT3JnYW5pc2F0aW9uJTIwb2YlMjBpdHMlMjBkZWNpc2lvbiUyMHRvJTIwc3VzcGVuZCUyMGNvbmNlc3Npb25zJTIwdG8lMjBVUyUyMG9uJTIwMzAlMjBwcm9kdWN0cyUyQyUyMGFmdGVyJTIwc2FmZWd1YXJkJTIwbWVhc3VyZXMlMjBpbXBvc2VkJTIwYnklMjBVUyUyMG9uJTIwaW1wb3J0cyUyMG9mJTIwY2VydGFpbiUyMGFydGljbGVzLiUyMEluZGlhJTIwY2xhcmlmaWVkJTIwdGhhdCUyMHN1c3BlbnNpb24lMjBvZiUyMGNvbmNlc3Npb25zJTIwc2hhbGwlMjBiZSUyMGVxdWFsJTIwdG8lMjBhbW91bnQlMjBvZiUyMHRyYWRlJTIwYWZmZWN0ZWQlMjBieSUyMFVTJUUyJTgwJTk5JTIwbWVhc3VyZXMuJTIwJTNDYSUyMGhyZWYlM0QlMjJodHRwcyUzQSUyRiUyRnQuY28lMkZTQXlZNkhXWXNmJTIyJTNFcGljLnR3aXR0ZXIuY29tJTJGU0F5WTZIV1lzZiUzQyUyRmElM0UlM0MlMkZwJTNFJTI2bWRhc2glM0IlMjBBTkklMjAlMjglNDBBTkklMjklMjAlM0NhJTIwaHJlZiUzRCUyMmh0dHBzJTNBJTJGJTJGdHdpdHRlci5jb20lMkZBTkklMkZzdGF0dXMlMkYxMDA3ODg1MTkyNTU0NTk4NDAwJTNGcmVmX3NyYyUzRHR3c3JjJTI1NUV0ZnclMjIlM0VKdW5lJTIwMTYlMkMlMjAyMDE4JTNDJTJGYSUzRSUzQyUyRmJsb2NrcXVvdGUlM0UlMEElM0NzY3JpcHQlMjBhc3luYyUyMHNyYyUzRCUyMmh0dHBzJTNBJTJGJTJGcGxhdGZvcm0udHdpdHRlci5jb20lMkZ3aWRnZXRzLmpzJTIyJTIwY2hhcnNldCUzRCUyMnV0Zi04JTIyJTNFJTNDJTJGc2NyaXB0JTNFJTBB[/vc_raw_html][vc_column_text]”The US would be collecting $241 million worth of duties by hiking tariffs on certain steel and aluminium items from India, we also proposed to withdraw concessions of a similar amount from these 30 products imported by India from the US,” said the BS report quoting sources.

Earlier in May, India proposed to raise duties by up to 100 per cent on 20 products such as almonds, apple and specific motorcycles imported from the US.

The additional duty proposed to be hiked on these items ranges from 10 per cent to 100 per cent. Another report, in LiveMint, said in the revised list, India has brought down the proposed maximum additional duties from 100% (on walnuts) to 50% (on Harley-Davidson).

“The revision is being provided to adjust the products and the tariff rates in accordance with India’s rights reserved vide its notification to the Council for Trade in Goods contained in the WTO document…of 18 May 2018.

“India hereby reiterates its decision to suspend concessions or other obligations notified to the Council for Trade in Goods on 18 May 2018…of the General Agreement on Tariffs and Trade 1994 and Article 8.2 of the Agreement on Safeguards, that are substantially equivalent to the amount of trade affected by the measures imposed by the United States,” according to a communication by India to WTO, reported BS.

It said that the proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the US, based on the measures of America.

“The proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the United States, based on the measures of the United States,” the notification read. “India wishes to clarify that suspension of concessions shall be equivalent to the amount of trade affected by the United States’ measures.”

“India reserves its right to further suspend substantially equivalent concessions and other obligations based on the trade impact resulting from the application of the measures of the US,” it added.

The country has proposed this move under the WTO’s Agreement on Safeguards. India has also dragged the US to the World Trade Organisations dispute settlement mechanism over the imposition of import duties on steel and aluminium.

The move comes at a time when India has decided to negotiate a “trade package” with the US to ease tensions between the two sides.

Earlier this year, US President Donald Trump announced a 25 per cent and 10 per cent tariff on imported steel on aluminium respectively from all countries, except Canada and Mexico. US is the world’s largest steel-consuming nation. Trump’s announcement, in line with his America First policy, sparked fears of a trade war after countries began mulling imposing their own tariffs.

India had asked the US government to exempt it from its 25% levy on steel and 10% on aluminium imposed by President Donald Trump on grounds of national security. However, the US rejected the Indian request. India has also dragged the US to the dispute settlement mechanism in the WTO over the matter.

Trade minister Suresh Prabhu said on Friday after a two-day US visit that the talks he had were held in a positive atmosphere and that trade officials from both sides would soon meet to resolve all pending issues.

Assistant US trade representative Mark Linscott is likely to visit India in the last week of June to negotiate a “trade package”, the official quoted earlier said.

The package is likely to involve negotiations granting an extension to India on generalised system of preferences (GSP) that the US is currently reviewing. India exports about 3,500 items worth $5.6 billion to the US at zero or low duties. In exchange, India may facilitate more US imports in items such as dairy products and Harley-Davidson motorcycles.

Trump has often raised the issue of higher tariffs on Harley-Davidson motorcycles imposed by India and has threatened to put reciprocal taxes on Indian bikes, which he has wrongly claimed to be selling “in thousands” in the US.

Addressing the press on the sidelines of the G7 summit in Canada’s Quebec City last week, Trump specifically named India, accusing it of charging 100% tariff on some US goods. “We’re like the piggy bank that everybody is robbing,” Trump said.

Unilateral tariff hikes undertaken by Trump administration have already got the US embroiled in a trade tariff war with EU and China which have hit back with retaliatory duties on US goods.[/vc_column_text][/vc_column][/vc_row]

Related Topics:
Continue Reading

India News

Karnataka’s Republic Day tableau depicts artistic temples of Lakkundi

Beyond its religious significance, Lakkundi’s historical importance cannot be overstated. Once a flourishing commercial hub between the 10th and 12th centuries AD, the city flourished under the rule of various dynasties, with the Chalukyas leaving an indelible mark on its cultural landscape.

Published

14 mins ago

on

January 26, 2025

By

Karnataka’s 76th Republic Day tableau paid a vibrant tribute to Lakkundi, a historical city nestled in Gadag district, approximately 70 km from Hubballi. Acclaimed as the “Cradle of Stone Craft,” Lakkundi’s architectural splendour took centre stage in the parade along Kartavya Path.

The tableau’s design masterfully captured the essence of Lakkundi’s rich heritage. The forefront showcased the majestic Brahma statue from the Brahma Jinalaya temple, the oldest Jain shrine in the city, dedicated to Lord Mahaveera. Its intricate details and imposing presence immediately drew the viewer’s attention, setting the tone for the tableau’s narrative.

Following the Brahma statue was a depiction of the open-pillared mantapa of the Brahma Jinalaya temple, a testament to the sophisticated architectural techniques employed during the era. The open structure, with its elegant pillars and intricate carvings, added another layer of visual appeal to the tableau’s composition.

The tableau’s main section provided a breathtaking glimpse into the grandeur of Lakkundi’s most prominent temples. The Kashi Vishweshwara temple, dedicated to Lord Shiva, stood as a symbol of architectural mastery. Its ornate carvings and imposing structure were vividly represented, highlighting the city’s rich religious and cultural tapestry. Completing the ensemble was the Nanneshwara temple, another significant Shiva temple in Lakkundi, further emphasizing the city’s devotion to Lord Shiva.

The temples of Lakkundi are not merely structures of stone; they are living testaments to the syncretic nature of Karnataka’s culture. They reflect a harmonious blend of different faiths and traditions, showcasing the state’s long-held reputation for religious tolerance and peaceful coexistence. Karnataka, known as the “SarvaJanangadaShaanthiya Thota” or “garden of peace,” embraces diversity, and Lakkundi’s temples embody this spirit.

Beyond its religious significance, Lakkundi’s historical importance cannot be overstated. Once a flourishing commercial hub between the 10th and 12th centuries AD, the city flourished under the rule of various dynasties, with the Chalukyas leaving an indelible mark on its cultural landscape.

The city’s legacy extends beyond its temples; its numerous step wells and inscriptions serve as invaluable historical records. With over 50 temples, most dedicated to Lord Shiva, 101 stepwells, and 29 inscriptions, Lakkundi presents a captivating journey through time, an unparalleled treasure trove for history and architecture enthusiasts. The tableau served as a powerful reminder of Lakkundi’s enduring legacy, highlighting the artistic prowess and cultural richness of the Kalyani Chalukyas.

Continue Reading

India News

K M Cherian, eminent Indian cardiac surgeon, passes away

He was a Fellow of the Royal Society of Medicine in London, an Honorary Member of the Malaysian Association for Thoracic and Cardiovascular Surgery, and a recipient of the prestigious Padma Shri award from the Government of India in 1991.

Published

24 mins ago

on

January 26, 2025

By

Dr. K.M. Cherian, a towering figure in Indian medical history and a renowned cardiac surgeon, passed away on Saturday night in Bengaluru at the age of 82. His sudden death cast a pall over the nation, leaving a void in the field of cardiology and beyond. He had travelled to Bengaluru to attend a wedding when he unexpectedly collapsed.

His daughter, Sandhya Cherian, confirmed the tragic news, stating that he was rushed to Manipal Hospitals, where he was pronounced dead at 11:55 pm. The medical community mourns the loss of a true giant, a pioneer whose contributions reshaped the landscape of cardiac surgery in India.

Dr. Cherian’s legacy extends far beyond his impressive list of accomplishments. His pioneering spirit led him to achieve what was once considered impossible in India. In 1975, he etched his name into the annals of medical history by becoming the first surgeon in the country to successfully perform a coronary artery bypass surgery (CABG).

This groundbreaking achievement marked a turning point, paving the way for countless life-saving procedures and advancements in the field. His expertise and dedication earned him international acclaim, transcending geographical boundaries and establishing him as a leading authority in cardiac surgery.

His profound impact on the medical landscape is further exemplified by his instrumental role in the establishment and growth of the Madras Medical Mission (MMM) in Chennai. As Founder, Vice President, and Director of this leading healthcare institution, Dr. Cherian spearheaded its development into a centre of excellence for cardiac care. His vision and leadership nurtured a culture of innovation and excellence, shaping generations of medical professionals and leaving an indelible mark on the institution.

Beyond his professional achievements, Dr. Cherian was recognised for his exceptional qualities and numerous accolades. He was a Fellow of the Royal Society of Medicine in London, an Honorary Member of the Malaysian Association for Thoracic and Cardiovascular Surgery, and a recipient of the prestigious Padma Shri award from the Government of India in 1991. These honours reflected not only his exceptional surgical skills but also his unwavering commitment to medical excellence and ethical practice.

Even in his final days, Dr. Cherian’s dedication to his profession and his unwavering belief in the importance of compassionate patient care shone through. Just a day before his passing, he participated in the Kerala Literature Festival in Kozhikode, where he shared his insights and experiences, emphasizing the crucial role of empathy in the doctor-patient relationship.

His words resonated deeply with the audience, underscoring his dedication to ethical medical practice and leaving a lasting impression. The nation mourns the loss of a remarkable individual, a medical visionary whose contributions continue to shape the future of cardiac care in India. His memory will be cherished by all who had the privilege of knowing him.

Continue Reading

India News

Padma Awards 2025: Full list of Padma Vibhushan, Padma Bhushan, Padma Shri awardees

The awards recognize outstanding achievements across all fields, with a focus on public service. The recipients are selected by a committee appointed by the Prime Minister.

Published

1 hour ago

on

January 26, 2025

By

The central government announced the recipients of the prestigious Padma Awards on Saturday. These awards, conferred annually on the eve of Republic Day, represent India’s highest civilian honours. They are presented in three categories: Padma Vibhushan (for exceptional and distinguished service), Padma Bhushan (for distinguished service of a higher order), and Padma Shri (for distinguished service).

The awards recognize outstanding achievements across all fields, with a focus on public service. The recipients are selected by a committee appointed by the Prime Minister.

This year, a total of 199 awards were presented: 7 Padma Vibhushan, 19 Padma Bhushan, and 113 Padma Shri. The President of India bestows these awards at a formal ceremony in Rashtrapati Bhawan, typically held in March or April.

List of Padma Award Winners 2024:

Padma Vibhushan:

  • Duvvur Nageshwar Reddy
  • Justice (Retd.) Jagdish Singh Khehar
  • Kumudini Rajnikant Lakhia
  • Lakshminarayana Subramaniam
  • MT Vasudevan Nair (Posthumous)
  • Osamu Suzuki (Posthumous)
  • Sharda Sinha (Posthumous)

Padma Bhushan:

  • A Surya Prakash
  • Anant Nag
  • Bibek Debroy (Posthumous)
  • Jatin Goswami
  • Jose Chacko Periappuram
  • Kailash Nath Dikshit
  • Manohar Joshi (Posthumous)
  • Nalli Kuppuswami Chetti
  • Nandamuri Balakrishna
  • PR Sreejesh
  • Pankaj Patel
  • Pankaj Udhas (Posthumous)
  • Rambahadur Rai
  • Sadhvi Ritambhara
  • S Ajith Kumar
  • Shekhar Kapur
  • Shobana Chandrakumar
  • Sushil Kumar Modi (Posthumous)
  • Vinod Dham

Padma Shri:

  • Advaita Charan Gadanayak
  • Achyut Ramchandra Palav
  • Ajay V Bhatt
  • Anil Kumar Boro
  • Arijit Singh
  • Arundhati Bhattacharya
  • Arunoday Saha
  • Arvind Sharma
  • Ashok Kumar Mahapatra
  • Ashok Laxman Saraf
  • Ashutosh Sharma
  • Ashwini Bhide Deshpande
  • Baijnath Maharaj
  • Barry Godfray John
  • Begam Batool
  • Bharat Gupt
  • Bheru Singh Chouhan
  • Bhim Singh Bhavesh
  • Bhimawa Doddabalappa Shiilekyathara
  • Budhendra Kumar Jain
  • C S Vaidyanathan
  • Chaitram Deochand Pawar
  • Chandrakant Sheth (Posthumous)
  • Chandrakant Sompura
  • Chetan E Chitnis
  • David R Syiemlieh
  • Durga Charan Ranbir
  • Farooq Ahmad Mir
  • Ganeshwar Shastri Dravid
  • Gita Upadhyay
  • Gokul Chandra Das
  • Guruvayur Dorai
  • Harchandan Singh Bhatty
  • Hariman Sharma
  • Harjinder Singh Srinagar Wale
  • Harvinder Singh
  • Hassan Raghu
  • Hemant Kumar
  • Hriday Narayan Dixit
  • Hugh and Colleen Gantzer (Posthumous)
  • Inivalappil Mani Vijayan
  • Jagadish Joshila
  • Jaspinder Narula
  • Jonas Masetti
  • Joynacharan Bathari
  • Jumde Yomgam Gamlin
  • K. Damodaran
  • K L Krishna
  • K Omanakutty Amma
  • Kishore Kunal (Posthumous)
  • L Hangthing
  • Lakshmipathy Ramasubbaiyer
  • Lalit Kumar Mangotra
  • Lama Lobzang (Posthumous)
  • Libia Lobo Sardesai
  • M D Srinivas
  • Madugula Nagaphani Sarma
  • Mahabir Nayak
  • Mamata Shankar
  • Manda Krishna Madiga
  • Maruti Bhujangrao Chitampalli
  • Miriyala Apparao (Posthumous)
  • Nagendra Nath Roy
  • Narayan (Bhulai Bhai) (Posthumous)
  • Naren Gurung
  • Neerja Bhatla
  • Nirmala Devi
  • Nitin Nohria
  • Onkar Singh Pahwa
  • P Datchanamoorthy
  • Pandi Ram Mandavi
  • Parmar Lavjibhai Nagjibhai
  • Pawan Goenka
  • Prashanth Prakash
  • Pratibha Satpathy
  • Purisai Kannappa Sambandan
  • R Ashwin
  • R G Chandramogan
  • Radha Bahin Bhatt
  • Radhakrishnan Devasenapathy
  • Ramdarash Mishra
  • Ranendra Bhanu Majumdar
  • Ratan Kumar Parimoo
  • Reba Kanta Mahanta
  • Renthlei Lalrawna
  • Ricky Gyan Kej
  • Sajjan Bhajanka
  • Sally Holkar
  • Sant Ram Deswal
  • Satyapal Singh
  • Seeni Viswanathan
  • Sethuraman Panchanathan
  • Sheikha Shaikha Ali Al-Jaber Al-Sabah
  • Sheen Kaaf Nizam (Shiv Kishan Bissa)
  • Shyam Bihari Agrawal
  • Soniya Nityanand
  • Stephen Knapp
  • Subhash Khetulal Sharma
  • Suresh Harilal Soni
  • Surinder Kumar Vasal
  • Swami Pradiptananda (Kartik Maharaj)
  • Syed Ainu Hasan
  • Tejendra Narayan Majumdar
  • Thiyam Suryamukhi Devi
  • Tushar Durgeshbhai Shukla
  • Vadiraj Raghavendracharya Panchamukhi
  • Vasudeo Kamath
  • Velu Assaan
  • Venkappa Ambaji Sugatekar
  • Vijay Nityanand Surishwar Ji Maharaj
  • Vijayalakshmi Deshamane
  • Vilas Dangre
  • Vinayak Lohani

Note that “(Posthumous)” indicates the award was given posthumously.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com