India slaps US with new tariffs — on lentils, apples, almonds and walnuts

  • India is slapping back at the United States with new tariffs on $240Mn worth of American goods starting Sunday.
  • Apples, almonds, lentils, walnuts and some chemical products will be hit with levies of up to 70%.
  • The long-threatened move is retaliation for President Trump’s move to take away India’s preferred trade status, which he made two weeks ago over objections to its protectionist policies.
  • The tariffs come just days ahead of a scheduled meeting between Trump and Prime Minister Narendra Modi at the G-20 summit.

 (Source: New York Post)