In 2019, India made a bold move by imposing retaliatory duties on 29 American goods, including apples. This decision was taken in response to the United States’ imposition of duties on certain steel and aluminum goods, which had a significant impact on India’s economy. The Indian government’s decision to impose these duties was a strategic move to protect its domestic industries and send a strong message to the US.
The trade war between India and the US began in 2018 when the US imposed a 25% duty on steel and a 10% duty on aluminum imports from various countries, including India. This move by the US was seen as a protectionist measure to safeguard its own industries, but it had a severe impact on India’s steel and aluminum exports, amounting to billions of dollars. In response, India decided to impose retaliatory tariffs on 29 American goods worth $240 million, including apples, almonds, and walnuts.
The decision to impose retaliatory duties was not taken lightly by the Indian government. It was a well-thought-out decision that aimed to protect the interests of Indian industries and send a strong message to the US. The Indian government’s action was in line with the World Trade Organization’s (WTO) rules, which allows member countries to impose retaliatory duties in case of unfair trade practices by another country.
The imposition of these duties on American goods had a significant impact on the US economy, as India is one of the largest importers of American goods. The US apple industry, in particular, was hit hard by the retaliatory duties, as India is the second-largest importer of US apples, accounting for over $160 million in exports. The US agricultural sector, which is already struggling due to trade tensions with China, faced another setback with India’s retaliatory duties.
However, the Indian government’s decision was not just about protecting its own industries; it also aimed to promote domestic production and reduce dependence on imports. The Indian government has been making significant efforts to boost the domestic production of apples, almonds, and other goods that were affected by the retaliatory duties. This move will not only boost the Indian economy but also create job opportunities and improve the country’s self-sufficiency.
Moreover, the imposition of these duties showed India’s strength and determination to stand up against unfair trade practices by other countries. It sent a strong message to the US that India will not back down when it comes to protecting its national interests. This move has also strengthened India’s position in the global trade arena, showcasing its ability to take decisive actions when needed.
The imposition of retaliatory duties by India also had a positive impact on the country’s trade relations with other countries. Many countries, including Japan, Russia, and the European Union, supported India’s move and expressed their willingness to collaborate with India on trade matters. This shows India’s growing influence in the global market and its efforts to create a fair and balanced trading environment.
In conclusion, India’s decision to impose retaliatory duties on American goods, including apples, was a well-calculated move that not only protected its domestic industries but also sent a strong message to the US. It showcased India’s strength and determination to stand up against unfair trade practices and promote self-sufficiency. This move has not only had a significant impact on the US economy but also strengthened India’s position in the global trade arena. With this bold move, India has proven itself to be a major player in the international trade market, and its actions will undoubtedly shape the future of global trade.
