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.
Shah Rukh Khan's son, Aryan Khan, recently entered Hindi cinema as a director with the web series
There is a ruckus in the Jammu and Kashmir Assembly on the third day over the Waqf Act. National
Boney Kapoor's daughter and Arjun Kapoor's sister, Anshula Kapoor, is one of the famous star kids
A piece of news from Hollywood is currently going viral. This news is linked to pop sensation Kat
Former CM Bhupinder Singh Hooda reached his house on Sunday after his mother Savita revealed that
India's star fast bowler Mohammed Shami and his wife, Hasin Jahan, are in the news these days. Th
Pakistan cricket team captain Mohammad Rizwan accepted the crushing defeat from India. During the
India-Pakistan Ceasefire: 32 airports closed amid India-Pakistan tension reopened; operations resume
32 airports of the country which were closed due to the recent military tension between India and
In the first week of Bigg Boss 19, there was a lot of fun in the house. Farhana Bhatt scolded Bas
Could Salman Khan's next step be towards politics? This time there was a lot of discussion on thi
