WASHINGTON: India's proposed retaliatory tariffs against US agricultural products including apples, almonds and lentils can have an hostile impact on American exports worth just about $900 million, according to the latest Congressional document.
India closing yr introduced higher import duties on many US products like apples, almonds, walnuts, chickpeas and lentils in retaliation to President Donald Trump's determination to impose heavy tariffs on imported metal and aluminium pieces, a move that sparked fears of an international industry struggle.
However, India is the only primary nation which has been continuously postponing the implementation of the retaliatory tariffs despite pronouncing it greater than six months ago.
In October closing yr, Trump described India as a "tariff king" as he reiterated his allegations that New Delhi has a high tariff rate on various American products.
India's proposed retaliatory tariffs is far not up to that by way of China on greater than 800 American agricultural products which accounted for about $20.6 billion in exports to the USA in 2017.
China is followed by way of Canada ($2.6 billion), Mexico ($2.five billion), the European Union (EU) ($1 billion) and Turkey ($250 million) in slapping retaliatory tariffs at the agricultural products from the USA.
Countries have imposed tariffs on American agricultural products to retaliate against movements the Trump administration took in Marh, 2018 to protect US metal and aluminum manufacturers and in response to Chinese intellectual property rights and technology policies.
Since then, over 800 US food and agricultural products were matter to retaliatory tariffs from China, the EU, Turkey, Canada and Mexico, the bipartisan Congressional Research Service (CRS) said in its document 'Profiles and Effects of Retaliatory Tariffs on US Agricultural Exports'.
The CRS, an impartial research wing of Congress, regularly prepares studies on various issues for the lawmakers to take knowledgeable decisions.
US exports of the ones products to the retaliating countries totaled $26.nine billion in 2017, according to the United States Department of Agriculture (USDA) export knowledge.
It all started on March 23, 2018, when the Trump administration implemented a 25 consistent with cent tariff to all US metal imports and a 10 consistent with cent tariff to all US aluminum imports, bringing up an investigation that confirmed nationwide safety issues.
"Canada, China, Mexico, the EU and Turkey retaliated with tariffs on imports of US agricultural and food products and other items.
"India has proposed retaliatory tariffs on US apples, almonds, walnuts, chickpeas and lentils, but it surely has delayed implementation pending ongoing negotiations with the Trump administration," said the CRS.
Reports of CRS are ready by way of impartial professionals for the lawmakers to make knowledgeable decisions and aren't an legit place of the USA Congress.
In its document dated December 31, the CRS unhappy in response to the tariffs the Trump administration levied on US imports of metal and aluminum from India previous this yr, India has threatened to impose retaliatory tariffs on a handful of US agricultural and food products. The date for imposing these tariffs has been pushed again several times, and they're these days set to change into efficient on January 31, 2019.
"US exports of the focused products have been valued at $857 million in 2017, comprising 54 consistent with cent of the $1.8 billion of overall US agricultural exports to India. US almond growers, specifically, could really feel the effects of India's threatened tariffs must they input into pressure," said the CRS, a replica of which used to be received by way of PTI.
India ranked 3rd as a destination for US apple exports in 2017, purchasing $97 million of US apples, or 10 consistent with cent of the full exports.
"The Indian government proposes to apply a 30 consistent with cent retaliatory tariff on imports of US apples on January 31, 2019," the CRS said. Comparatively, US apple exports to Mexico and China are now matter to further retaliatory tariffs of 20 consistent with cent and 40 consistent with cent respectively, elevating the full tariff charges to 20 consistent with cent and 50 consistent with cent respectively.
The Trump administration has taken measures to ease the drawback effects of the retaliatory tariffs on farmers and ranchers via a $12 billion industry assist package deal.
Under the initiative, USDA has committed to making direct bills to farmers of decided on commodities matter to the tariffs, as well as buying up surplus amounts of some commodities and providing funding for extra industry promotion efforts.
India's exports to the USA in 2017-18 stood at $47.nine billion, whilst imports have been $26.7 billion. The industry balance is in favour of India.
India closing yr introduced higher import duties on many US products like apples, almonds, walnuts, chickpeas and lentils in retaliation to President Donald Trump's determination to impose heavy tariffs on imported metal and aluminium pieces, a move that sparked fears of an international industry struggle.
However, India is the only primary nation which has been continuously postponing the implementation of the retaliatory tariffs despite pronouncing it greater than six months ago.
In October closing yr, Trump described India as a "tariff king" as he reiterated his allegations that New Delhi has a high tariff rate on various American products.
India's proposed retaliatory tariffs is far not up to that by way of China on greater than 800 American agricultural products which accounted for about $20.6 billion in exports to the USA in 2017.
China is followed by way of Canada ($2.6 billion), Mexico ($2.five billion), the European Union (EU) ($1 billion) and Turkey ($250 million) in slapping retaliatory tariffs at the agricultural products from the USA.
Countries have imposed tariffs on American agricultural products to retaliate against movements the Trump administration took in Marh, 2018 to protect US metal and aluminum manufacturers and in response to Chinese intellectual property rights and technology policies.
Since then, over 800 US food and agricultural products were matter to retaliatory tariffs from China, the EU, Turkey, Canada and Mexico, the bipartisan Congressional Research Service (CRS) said in its document 'Profiles and Effects of Retaliatory Tariffs on US Agricultural Exports'.
The CRS, an impartial research wing of Congress, regularly prepares studies on various issues for the lawmakers to take knowledgeable decisions.
US exports of the ones products to the retaliating countries totaled $26.nine billion in 2017, according to the United States Department of Agriculture (USDA) export knowledge.
It all started on March 23, 2018, when the Trump administration implemented a 25 consistent with cent tariff to all US metal imports and a 10 consistent with cent tariff to all US aluminum imports, bringing up an investigation that confirmed nationwide safety issues.
"Canada, China, Mexico, the EU and Turkey retaliated with tariffs on imports of US agricultural and food products and other items.
"India has proposed retaliatory tariffs on US apples, almonds, walnuts, chickpeas and lentils, but it surely has delayed implementation pending ongoing negotiations with the Trump administration," said the CRS.
Reports of CRS are ready by way of impartial professionals for the lawmakers to make knowledgeable decisions and aren't an legit place of the USA Congress.
In its document dated December 31, the CRS unhappy in response to the tariffs the Trump administration levied on US imports of metal and aluminum from India previous this yr, India has threatened to impose retaliatory tariffs on a handful of US agricultural and food products. The date for imposing these tariffs has been pushed again several times, and they're these days set to change into efficient on January 31, 2019.
"US exports of the focused products have been valued at $857 million in 2017, comprising 54 consistent with cent of the $1.8 billion of overall US agricultural exports to India. US almond growers, specifically, could really feel the effects of India's threatened tariffs must they input into pressure," said the CRS, a replica of which used to be received by way of PTI.
India ranked 3rd as a destination for US apple exports in 2017, purchasing $97 million of US apples, or 10 consistent with cent of the full exports.
"The Indian government proposes to apply a 30 consistent with cent retaliatory tariff on imports of US apples on January 31, 2019," the CRS said. Comparatively, US apple exports to Mexico and China are now matter to further retaliatory tariffs of 20 consistent with cent and 40 consistent with cent respectively, elevating the full tariff charges to 20 consistent with cent and 50 consistent with cent respectively.
The Trump administration has taken measures to ease the drawback effects of the retaliatory tariffs on farmers and ranchers via a $12 billion industry assist package deal.
Under the initiative, USDA has committed to making direct bills to farmers of decided on commodities matter to the tariffs, as well as buying up surplus amounts of some commodities and providing funding for extra industry promotion efforts.
India's exports to the USA in 2017-18 stood at $47.nine billion, whilst imports have been $26.7 billion. The industry balance is in favour of India.
India's retaliatory tariffs to hit US exports: Report
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Reviewed by Kailash
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January 03, 2019
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