Highlights
Tariff imposed by India on 29 American products drew the ire of US President Donald Trump on Tuesday, who said that Washington will no longer accept India's move.
In a tweet, Trump said: "India has long had a field day putting Tariffs on American products. No longer acceptable!"
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India set to levy higher tariffs on some US goods next weekNow, US-India trade tension hangs over Indian capital marketsIndia decided to impose additional customs duties on 29 US products — including almond, walnut, and pulses — with effect from June 16. The decision was taken after Delhi extended the deadline several times.
The move has hurt American exporters of these 29 items as they must pay duties on these products.
New Delhi's move is in retaliation to the US decision to significantly hike Customs duties on certain steel and aluminium products from India.
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