India responds to Donald Trump's 'tariff king' jibe

Total Views : 257

US President Donald Trump had claimed that India is a "tariff king" and imposes "tremendously high" tariffs on American products like Harley Davidson motorcycles.

New Delhi: Rejecting the US claims of imposing "tremendously high" tariffs, India on Tuesday said its import duties are not high and are within the norms of the World Trade Organisation (WTO).

"We do not agree with that at all. Our tariffs (import duties) are very consistent with the bound rates that we are entitled to in the WTO," Commerce Secretary Anup Wadhawan told reporters here.

"Our tariffs are very comparable to more liberal developing economies and some developed economies," he added.

He said India's tariffs are within the bound rates under the WTO commitments, and on the average are well below those rates. Duties which are imposed on imported goods are called applied rates and the extent to which a country can increase those duties are known as bound rates.

The Odd-Even scheme 2019 will be applicable between 8 am to 8 pm only from today till November 15

The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore.

Thomas Cook India Chairman and Managing Director Madhavan Menon, further stated that the brand for the markets of India, Sri Lanka and Maurutius has been and continues to be protected for exclusive use by Thomas Cook India Ltd (TCIL) until Novembe...

Terming the AAP's proposed protest against stubble-burning in the national capital an obvious political stunt with an eye on the upcoming Assembly elections there, Punjab Chief Minister Amarinder Singh on Wednesday lashed out at his Delhi counter...

Imran Khan said that Indian Sikh pilgrims will no longer be required to bring their passport and only a valid ID will be needed for entering Pakistan for Kartarpur pilgrimage.

Stay Updated

Subscribe

I agree to the terms of the privacy policy