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.
Mumbai Indians defeated Sunrisers Hyderabad by four wickets due to the excellent performance of t
Padma Vibhushan Jagadguru Ramanandacharya Swami Rambhadracharya has directly challenged Saint Pre
Preparations have started to challenge the Waqf Amendment Bill in the Supreme Court. After Tamil
Karur Stampede: Stalin assured action, TVK demanded a CBI inquiry, 10 big updates
Following the stampede at actor-turned-politician Vijay's Tamilaga Vetri Kazhagam (TVK) rally tha
India's largest airline, IndiGo, recently cancelled hundreds of flights at major airports includi
Astronaut and Group Captain Shubhanshu Shukla shared his experience in Delhi on Thursday after a
On Wednesday, Pakistan Prime Minister Shehbaz Sharif reiterated that he is ready to hold talks wi
Air travellers faced significant difficulties on Thursday. More than 300 IndiGo flights were canc
The Waqf Amendment Bill has been approved by the Parliament. After the Lok Sabha, the Waqf Amendm
IndiGo, India's largest and the world's fifth-largest airline, has been facing the most difficult
