US President Donald Trump (Reuters)
US President Donald Trump (Reuters)

India says no plan to impose retaliatory tariffs on US goods

  • US President Donald Trump said he intends to end India’s preferential trade treatment
  • Under the GSP programme, India exports $5.6 billion worth of goods to the United States duty free

New Delhi: India does not plan to impose retaliatory tariffs on US goods after US President Donald Trump said he intends to end India’s preferential trade treatment, a top trade official said on Tuesday.

Anup Wadhawan said the withdrawal of the Generalised System of Preferences for Indian products would have limited impact. The two countries had been working on a trade package to address each other's concerns, he said.

Under the GSP programme, India exports $5.6 billion worth of goods to the United States duty free.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed

Close