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.
For some time now, actress Elli Avram's name is being linked with famous YouTuber and actor Ashis
Lucknow Super Giants defeated KKR by 4 runs in a thrilling match played on 8 April. In this match
Many revelations are being made about the stampede that took place during the Jagannath Rath Yatr
The tension in Iran-Israel (Iran-Israel conflict) has now turned into a war. Iran's Supreme Leade
On the main bathing festival Mahashivratri, if you come from Lucknow, Pratapgarh, then you will t
Mahima Chaudhary, who has distanced herself from the film world, is currently all over social med
The controversy over Diljit Dosanjh's recently released film 'Sardarji 3' is not stopping. The fi
Samay Raina's fun update on the return of India Got Latent, also announced a comeback tour.
Famous comedian Samay Raina is once again in the headlines. Recently, a question from the paparaz
Indian cricket fans witnessed a heartwarming moment in Ranchi late Thursday night. A viral video
Uttarakhand has become the first state in the country to implement the Uniform Civil Code i.e. UC
