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.
Actress Barkha Singh is active on OTT these days. Barkha, who was seen in the role of young lawye
'Then America will be destroyed...', Trump's anger erupts in a US court over tariffs
Since coming to power in January 2025, Trump has given the slogan of 'Make America Great Again' (
A fire broke out in Sector 18 of Mahakumbh Nagar in Prayagraj. As soon as the information was rec
Even though the ceasefire between Iran and Israel has happened, India is continuously carrying ou
These days, movie buffs are gripped by 'Dhurandhar' fever. The film, starring stars like Ranveer
Indian cricket legend Virat Kohli and actress Anushka Sharma were once again spotted at the ashra
Jharkhand Chief Minister Hemant Soren shared an emotional post on the demise of his father and Jh
Everyone is eagerly waiting for the release of Salman Khan and Rashmika Mandanna starrer film Sik
On Monday, the Supreme Court once again reprimanded Madhya Pradesh government minister Vijay Shah
Amitabh Bachchan: Amitabh's love for his son was once again evident, he said- 'Abhishek, you did it'
Amitabh Bachchan never misses a chance to praise his son and actor Abhishek Bachchan. He often sh
