US President Donald Trump has recently announced that impose a 25 percent reciprocal tariff on India. At the same time, President Trump has signed the order to impose new reciprocal tariffs ranging from 10 percent to 41 percent on dozens of countries. However, he has shown special love for Pakistan.
The last date for imposing tariffs was August 1, but the new tariffs will be implemented from August 7. After this announcement by the US President, India can also be deeply affected by it. However, India has clearly said that there will be no compromise on national interest.
Trump imposed a 25 percent tariff on India.
US President Donald Trump has imposed a tariff of 25 percent on imports from India. At the same time, Trump has also imposed heavy tariffs on about 70 countries. A 20 percent tariff has been imposed on Taiwan, 30 percent on South Africa. However, showing some mercy to Pakistan, only a 19 percent tariff has been imposed. It is believed that this decision of President Trump can prove to be a big challenge for the global economy.
New rates will be implemented in seven days.
Inform that the order signed by the US President states that the new tariff rates will be implemented within 7 days after this order. Apart from this, it was said that it has been decided to impose a 10 percent tariff on all countries whose names are not included in this tariff order.
Trump's love for Pakistan came to the fore again.
US President Donald Trump's love for Pakistan has been seen once again. He has reduced the tariff on Pakistan to 19 percent. Earlier, there was a 29 percent tariff on Pakistan. At the same time, Trump has also reduced the tariff on Bangladesh. However, if we talk about India, it has announced that it will impose a 25 percent tariff on India.
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