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.
This horror show has taken Netflix by storm, with all seasons trending in the top 10.
There are many shows on Netflix whose new seasons viewers eagerly await. New seasons often trend
The Indian team has geared up for the fourth Test match against England starting in Manchester fr
The day has finally arrived for entertainment fans who have been waiting for the past three years
Veteran actor of Indian cinema Prabhas has come into the limelight these days due to a viral phot
The death toll in the fire that swept through Hong Kong's residential buildings has risen to 128.
Delhi Police has registered the first case against animal lovers who protested against the Suprem
Pakistan is hosting the Champions Trophy 2025, but Team India has already refused to go to Pakist
Hardik Pandya once appeared on the show Coffee with Karan with his friend KL Rahul. When this sho
Prime Minister Narendra Modi will visit Gujarat on a two-day visit on May 26. During this, he wil
Saiyaara actor Ahaan Pandey broke Karan Johar's heart, shared a post, and said- 'Tears are flowing'
Mohit Suri directed film Saiyaara is making waves these days. Neither Anupam Kher's film The Tanv
