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Donald Trump Tariff Implementation: 25 percent additional tariff on India by US President Donald Trump has been implemented from today.
Donald Trump Tariff Implementation : US President Donald Trump announced an additional 25 percent tariff on India, which has come into force from today. The last deadline of the tariff was on 27 August, which is now over. Due to this, now India can suffer strong loss. These include the names of many sectors.
US Ministry statement
Here, let us tell you that the US Home Ministry announced a 50 percent tariff on India and said that the increased tariff will apply to the Indian goods which have been used on or after 12.01 in the night or after the ‘Eastern Daylight Time’ (EDT) or extracted from the warehouse. Provided that they have found size for use in the country.
These sects may affect
Due to the tariff imposed by Trump, its effect will be seen on many sectors of India. These include textile sector. Along with this, a cloth of $ 10.9 billion is exported to America from India. This includes the entire textile sector. At the same time, if you talk about diamond and jewelery, then the effect of tariff can also be seen on this sector of $ 10 billion. Apart from this, machinery, equipment, agriculture, processed food, metal, carbon chemicals and handicraft industries can also be affected by tariffs.
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There are indications of decline in exports
Significantly, huge amounts of goods are sent to America from many parts of India. They include the names of cities like Tirupur, Noida, Surat and Visakhapatnam. But due to tariffs, it can also show its effect on exports. It is expected that since the tariff, the export quantity of goods can be reduced by 70 percent.
PM gave a big sign without naming
Trump had earlier imposed a tariff of 25 percent on India, but later, expressing displeasure due to India’s bought oil from Russia, he imposed an additional 25 percent tariff which has come into force from today. After this announcement, he had given about 21 days for the agreement, but Prime Minister Narendra Modi had insisted that the government could not compromise the interests of farmers, cattlemen and small scale industries without naming anyone. He also said that we could increase pressure on us, but we will be standing.
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