According to multiple reports, India has announced increased tariffs on 28 U.S. exports, including apples, almonds, and walnuts.
U.S. apple exports to India will be hit with 70% tariffs.
This comes on the heels of an announcement from earlier this month from the U.S. saying India’s preferential trade treatment was being withdrawn.
USDA data shows U.S. almond exports to India are worth $543 million yearly and India is the largest buyer of U.S. almonds. India is also the second-largest buyer of U.S. apples, with a value of $156 million last year.