The industry is demanding cut in gold import duty to 4 per cent from the current 12.5 per cent.
The extra tariffs of 5 pc and 10 pc were levied on 1,717 items of a total of 5,078 products originating from the US.
A fresh set of tariffs are set to be imposed on Chinese products from September 1.
India currently imposes a 40 per cent import tax on crude palm oil and 50 per cent on refined palm oils.
Apple’s MacBook laptops and iPhones would not face the additional tariffs until December 15.
The issue will be discussed in a national conference of traders from all states convened by CAIT on August 29.
The trade row has prompted both countries to raise tariffs and created unease over the depth of their security alliance.
Hike in gold import duty to 12.5 per cent from 10 per cent could lead to problems like smuggling.
Finance Minister Nirmala Sitharaman hiked import duty on gold and other precious metals in Budget to 12.5 pc from 10 pc.
Gold futures jumped more than 2 per cent following the budget announcement to hit a record high of 35,100 rupees per 10 grams.
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