India has announced it would raise tariffs on 28 categories of imports from the United States, the latest escalation in what has been a slow-motion trade fight between the two countries.
Tariffs on almonds, for example, will go up about 20 per cent under the new rules — but that translates into a wholesale price increase of about 3¢ per kilogram for almonds in the shell, according to industry officials. India is one of the largest markets in the world for almonds from California, which produces most of the global supply, but growers are more focused on wooing Indian shoppers from locally grown nuts like cashews than on the trade duties.
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