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India Hikes Tariffs on US Goods Amid Deepening Trade Friction

India has hiked tariffs on 28 goods imported from the United States as a trade spat between the two countries intensifies.The retaliatory move came days after Washington removed New Delhi from a list of countries that have preferential access to its market."India has put its cards on the table," says trade expert Biswajit Dhar at Jawaharlal Nehru University in New Delhi. "The U.S. has upped the ante and it is also threatening to take further action. This required India to respond."The trade spat has escalated ahead of a visit later this month to New Delhi by U.S. Secretary of State Mike Pompeo who has pushed India to allow American companies more access to its markets and to lower barriers.Experts fear the growing tensions could cast a shadow over a deepening India-U.S. strategic partnership that aims at countering China's growing influence.The American goods that attract higher tariffs beginning Sunday include almonds, apples, walnuts, chickpeas and lentils, as well as some stainless steel products. New Delhi is the largest importer of U.S. almonds and the second largest buyer of apples. The total impact of the Indian tariffs is estimated to be about $240 million...................

 

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