US President Donald Trump, who claimed to end the Russia-Ukraine war, has started a 'tariff war'. The US has announced tariffs on Mexico, Canada and China.
Trump has decided to impose a 25 percent tariff on goods coming from Mexico and Canada and a 10 percent tariff on imports from China. All three countries are angry with Trump's decision, while the whole world is worried about Trump's decision.
Will the tariff affect India?
The question is whether the tariff imposed on the three countries will also affect India. Finance Minister Nirmala Sitharaman answered this question in an interview with news agency PTI. When asked whether this incident will affect India, she said, we do not know what the consequences will be for us. But we may be affected indirectly. We do not know yet what is going to happen. We will be cautious, but we cannot predict at this time what effect it will have on us. However, I am not worried about this incident.
"The Finance Minister further said, "I am looking at the situation of India, the economy of India especially when we want India to become a manufacturing hub. We have strength in our services sector, India's strength in software, artificial intelligence, and STEM-based research has increased significantly."
No benefit from unnecessary tariffs: Finance Minister
Nirmala Sitharaman pointed to the need for a balanced tariff approach. Domestic industries should be protected without imposing unnecessary tariffs on essential imports. Many items are not available in India, we are not going to benefit by imposing higher tariffs on them.
What tariffs did Trump impose on three countries?
This decision has been taken to promote America's domestic manufacturing and to control illegal immigration and drug trafficking. However, this may affect American consumers as expensive imports may increase the prices of goods.
Trump is trying to protect domestic industries in America from import competition. It is feared that this decision may further increase the inflation rate of America, which is already facing inflation.
Another star kid has made his debut in Bollywood, but in a different way. In the recent past, man
Karan Aujla suffers a huge loss due to Virat Kohli's RCB's victory, singer loses so many crores?
After waiting for many years, that historic day came on 3 June, which was celebrated with great p
Rain continues in North India including Delhi NCR. Light rain is falling in many areas of Delhi-N
The teaser of Prabhas' upcoming film The Raja Sahab has been released and it has increased the im
'Save us', the Pakistani leader pleaded to PM Modi; they said- you are our last hope.
After the terrorist attack in Pahalgam, India carried out Operation Sindoor in Pakistan and PoK,
India's star fast bowler Jasprit Bumrah is often in the news, whether he plays or not. He was rel
The last league match of IPL 2025 was full of excitement. Royal Challengers Bangalore (RCB) defea
Coldrif cough syrup manufacturing company shut down, Tamil Nadu government cancels license.
Following the deaths caused by Coldrif Cough Syrup, the Tamil Nadu government has taken significa
Mumbai Police has arrested a person from Noida who had threatened to blow up the city with 400 kg
Ban on TikTok continues in India, the Government said- no order has been issued to unblock the app
The government has not issued any order to unblock the Chinese internet media platform TikTok. Af
