December 17, 2018 / 1:25 PM / a month ago

India holds off raising import tariffs on some U.S. goods until Jan 31: govt statement

FILE PHOTO: A fisherman prepares to cast his fishing net in the waters of the Vembanad lake as a container ship is seen docked in the background, at a port in Vallarpadam, in the southern Indian city of Kochi February 11, 2014. REUTERS/Sivaram/File Photo

NEW DELHI (Reuters) - India has held off until end-January 2019 raising tariffs on select goods from the United States, deferring for the fourth time retaliatory action against higher import tariffs imposed by the U.S. on steel and aluminium, the government said on Monday.

Angered by Washington’s refusal to exempt it from higher steel and aluminium tariffs, New Delhi said in June that it would raise import tax from Aug. 4 on some U.S. products, including almonds, walnuts and apples.

India further delayed imposing higher taxes thrice until Dec. 17, and with negotiations still going on, decided to defer the date again.

Reporting by Manoj Kumar and Neha Dasgupta; Editing by Malini Menon

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