India to impose retaliatory tariffs

16, Jun 2019

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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.
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