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Now, US-India trade tension hangs over Indian capital markets
TIWN
Now, US-India trade tension hangs over Indian capital markets
PHOTO : TIWN

New Delhi, June 16 (TIWN) Indian equity markets could come under pressure over the fresh tension between the US and India over trade as India retaliated with tariffs on 29 American products.

 From Sunday, India has said it will impose tariffs on 29 US products, including almonds and apples. The new duties, some as high as 70%, are in response to Washington's refusal to exempt Delhi from higher taxes on steel and aluminium imports.  Earlier this month, US President Trump also announced the US was withdrawing India's preferential trade treatment. In response on Friday, India's Ministry of Finance said the decision was in the "public interest".

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