India delays levying retaliatory tariff on US goods to May 2

India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 2, according to a government order.  The new tariff structure was to come into force from April 1.

Angered by Washington`s refusal to exempt it from new steel and aluminium tariffs, New Delhi decided in June last year to raise the import tax from August 4 on some U.S. products including almonds, walnuts and apples.

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But since then, New Delhi has repeatedly delayed the implementation of the new tariff.