August 2, 2018 / 10:10 AM / in 27 minutes
India likely to delay raising tariffs on U.S. goods: trade ministry official
NEW DELHI (Reuters) - India is likely to delay the imposition of retaliatory tariffs on U.S. goods, a trade ministry official said on Thursday, two days before the new tariffs came into effect.
A worker walks near containers stacked at the Chennai port October 26, 2009. REUTERS/Babu/Files
India’s trade ministry is expected to shortly issue a notification that could delay the implementation of the new tariffs by 45 days, news channel CNBC-TV 18 reported earlier citing sources.
The trade ministry official declined to elaborate.
New Delhi, incensed by Washington’s refusal to exempt it from the new tariffs, decided in June to raise import tax on some U.S. products from Aug. 4.
Reporting by Manoj Kumar and Nidhi Verma
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