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)