IKDHVAJ Advisers LLP chairman Harsha Vardhana Singh said that India has the largest tariff lines for the selected products, with tariffs in 2020 being higher than in 2014.
US to impose 10 per cent tariffs on another USD 200 billion of Chinese imports; Beijing vows 'counter measures'
The move comes after China retaliated against the US by imposing tariffs on USD 34 billion in US exports to China.
Customs agents across Europe's colossal market of 500 million people will now impose the duty, hiking prices on US-made products in supermarkets and across factory floors.
The European Union drew up the list in March but pledged not activate it unless US President Donald Trump followed through on his threat to impose tariffs on steel imports and aluminium.
China plans to cut import tariffs on some consumer products ranging from food and cosmetics as early as July 1, Bloomberg reported on Thursday, citing unidentified sources.
US steel producers complained imports of Chinese-made steel through other countries soared after anti-dumping charges were imposed.
In its representation, India said imposing import duties on steel and aluminium will impact export of these products to the US, and is against global trade norms
The United States has blasted as "unfair" Chinese tariffs imposed on 128 US imports worth USD 3 billion, including fruit and pork, in the latest tit-for-tat over US duties on steel and aluminium.
China's Customs Tariff Commission is increasing the tariff rate on eight imported US products, including pork, by 25 per cent.
Trump has mentioned India along with China several times over the last few months in the context of reciprocal taxes, alleging unfair import duties on American products and violation of WTO
The commerce ministry is planning an internal meeting with senior economists and foreign policy experts ahead of the visit of the Chinese trade minister.
Concerns were shared about the American spice industry who depend largely on countries such as India on the import of spices and are now fearing a retaliatory action from them.