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Trump Increase Tariff On India: US President Donald Trump is constantly losing his temper and attacking India due to the oil trade of India and Russia.
Trump Increase Tariff On India : US President Donald Trump is reacting to India’s buying oil with Russia. Earlier, he had imposed a 25 percent tariff on India, but in view of India’s trade with Russia, he has imposed 25 percent more tariffs, after which India has been imposed a total tariff of 50 percent. This will be applicable from August 27 this month. 24 hours ago, Donald Trump threatened to increase the tariff on India.
Signature
Explain that Trump signed on the order, under which an additional import duty of 25% will be imposed on India. This new fee is to be implemented after three weeks and it will be added to the already fixed 25% fee to be implemented from Thursday.
Trump stunned on trade with Russia
It is worth noting that Trump put a tariff of 25 percent and said that it is necessary and appropriate that additional duty should be imposed on goods imported from India, because India is buying oil directly or indirectly from Russia. He has given this order when Trump warned that he would increase the 25% fee leveled on India due to buying oil from Russia.
Also read: US-Russia: Russia-Stress increased between US, Tanj on former President Medvedev; Question on India’s tariff
Trump will impose many restrictions
Trump is stunned by the ongoing oil and military trade between India and Russia. With this, he is using his forces wrongly. He is constantly showing aggressive stance against India and trying to suppress. But on this matter, India has made it clear that it will not bow down to Trump’s decisions. After imposing 25 percent additional tariffs on India, Trump said that you will get to see many secondary sanctions. This simply means that even after imposing 50 percent tariff on India, Trump is not fully happy and he can now put many secondary sanctions on India. Secondary selection means an economic restriction, which is imposed on a country that trade with a country on which primary sanctions have already been imposed.
India also responded
Regarding this, the Ministry of External Affairs said in a statement that it is very unfortunate that the US has announced additional fees on India. Trump had announced to impose 25 percent tariffs India only last week and he said that India would be fined separately to trade with Russia.
Also read: Trade Deal: Trump’s India Target, Chilli looking on trade with Russia; India reacted
