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.
Aamir Khan is happy these days about the success of his film 'Sitare Zameen Par'. Recently he has
Former Indian captain Mohammad Azharuddin has expressed concern over the Asia Cup match between I
RSS chief Mohan Bhagwat, while advocating three children for a couple, said that in a society in
Delhi Capitals star batsman Karun Nair performed brilliantly in the match against Mumbai Indians.
India defeated New Zealand and qualified for the semi-finals by topping their group. Batting firs
Gujarat Titans defeated Sunrisers Hyderabad by seven wickets in the 19th match of IPL 2025. After
The Trump administration in the US has made a major change to the H-1B visa policy, increasing th
The house of Dr. Umar Un Nabi, the terrorist who carried out the Red Fort blast, has been demolis
Donald Trump: Trump wants ownership rights over Gaza, said- if needed we will send our army too
US President Donald Trump has given a big statement saying that he wants America to take ownershi
Deepika Padukone loses the sequel of the 1000 crore earning film, the makers announced it.
After giving birth to her daughter, Dua, Deepika Padukone has been away from the acting world. Up
