India may withdraw duty hike decision on US products if tariff issues resolved

India today indicated that it may withdraw the notification imposing additional duties on 29 US products, to be effective from August 4, if both the sides are able to sort out the differences over tariffs, official sources said. “The implementation date for the notification is August 4. We are hopeful of resolving the tariff issues before that,” they said. These issues were discussed during the three-day meeting between senior officials of both the countries here. It has been decided that another official level meeting will be held next month in the US.
“A delegation will visit anytime after the mid of next month to finalise the final list of identified products on which a certain kind of announcement would be made by political leaders of both the sides,” they added. India has announced to increase customs duty on 29 products, including pulses and iron and steel products, imported from the US as a retaliatory action against the tariff hike by Washington.