Tariff issue: US President Donald Trump announced the new discount day tariff on Wednesday. Its purpose was to impose tariffs on countries who had damaged the US by taxing American goods for many years. India implements strict testing and certification rules in areas such as products and medical equipment, making it difficult and expensive for American companies to sell their products there. In a report released after the announcement of Donald Trump, the White House said that if these obstacles are removed, US exports to India could increase $ 5.3 billion per year.
Donald Trump said this.
Trump imposed a 26% concessional interchange fee on India and called India a very rigorous country. He said that this tariff is half of 52% tariffs imposed on American goods by India. In his speech, Trump said, ‘India is a very strict country, very strict. The Prime Minister has just gone. He is my good friend. I told him, ‘You are my friend but you are not treating us well.’
The White House report, titled ‘President Donald Trump announced the national emergency to promote our competitiveness, protect sovereignty and strengthen national and economic security’, describes how America is facing fair trade policies of other countries. Citing the trade imbalance and tariff gaps, the report states that the US imposes only 2.5% tariff on passenger vehicles, while the European Union imposes 10% and India 70% tariffs.
Targeted on other countries
Trump’s tariffs are not limited to India only, but also countries like China, European Union, Japan, South Korea and Taiwan. He also said that 3.7 million US jobs were over between 2001 and 2018 due to China’s unfair trade policies. This is increasing the trade deficit. On Wednesday, Trump showed a chart at the Rose Garden of the White House, depicting the tariff imposed by various countries. It also mentioned 52% tariffs imposed on American goods by India, in response to which the US will now impose a mutual tariff of 26%.
The post is so strict in India that it is difficult to do business: White House attack after Trump first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
