US President Donald Trump will start ‘Tariff Yuga’ on Wednesday by putting mutual tariffs on all countries of the world including India. , However, earlier Trump claimed that India was going to make a big cut in tariffs on American goods. Trump asked why it was not done long ago and India is now ready to reduce the tariff. On the other hand, the Ministry of Commerce has said that India is assessing the impact on the economy of mutual charges. Trump made it clear that the tariffs would be applicable from April 2. This time no one is going to get relief in the country. His statement seems to be turning water on India’s expectations.
American tariffs will have different effects on India in different regions, local industry-exporters worried
US President Donald Trump said that he believes that many countries would reduce their tariffs, as they have improperly imposed high tariffs on the US over the years. The European Union has cut tariffs by up to 2.5 percent on cars manufactured in the US. I have heard that India is also going to reduce its tariffs significantly. Why did no one do this before?
Trump was asked whether the implementation of his tariff would prevent other countries from moving towards China. In response, Trump said that this would not happen. Instead, all countries will be able to make good tax policies. There is no similarity in this policy at the moment. However, Donald Trump could not say anything about how it would happen.
A few hours before President Trump’s remarks, the White House said that India had imposed 100 percent tariff on US agricultural products. Other countries have imposed high tariffs on American products, making it difficult for American products to trade in their countries.
Meanwhile, sources said that the Ministry of Commerce is assessing the possible impact on the US tariff’s economy. India and the US are working on a bilateral agreement to promote trade and investment. Domestic industries and exporters have expressed concern that American tariffs may cause Indian goods unmatched in the global market. American tariffs will vary in different fields and the ministry is working on it for different scenarios.
On the other hand, the Chinese government media has claimed that China, Japan and South Korea together are ready to respond to the American tariffs. The three countries have agreed to strengthen supply chain cooperation and discuss further export control. China made this claim on Sunday after the first meeting between China, Japan and South Korea in five years. The Sunday meeting was discussed to facilitate the regional trade. However, Japan and South Korea rejected China’s claim.
The post ‘No one will be spared this time…’ Donald Trump’s clear statement between Tariff War, what will happen to India? First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
