India to impose retaliatory tariffs
16, Jun 2019
Prelims level :
Mains level :
CONTEXT:
- India has decided to impose retaliatory tariffs on 29 goods imported from the U.S. from June 16, 2019 onwards.
- The tariffs will place a burden of $220-290 million on the U.S.
- A Tariff is a tax or duty to be paid on a particular class of imports or exports.