Retaliatory tariffs on US goods were deferred till June 16 as India was in the midst of General Elections.
The international trade war is all set to intensify as sources told CNBC-TV18 that India is set to impose its own retaliatory tariffs on 29 products against the US.
The Commerce Ministry is said to have advised the Department of Revenue to implement retaliatory tariffs on eight times.Retaliatory tariffs on US goods were deferred till June 16 as India was in the midst of General Elections.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .