Trump Tariff on Asian Countries
Donald Trump Trade War: US President Donald Trump has launched a trade war against the whole world. He has placed the business policy at the center in the policies of his second term. In particular, India has imposed heavy tariffs on many countries under the trade deficit with India Met Asian countries and the US’s “Make in America” policy. Trump’s policy can not only affect global trade but can also affect America’s business relations with India, China, Vietnam and other countries.
What is Trump’s argument?
Trump argues that American companies are suffering losses due to cheap imports and this reduces employment opportunities in the US. To promote the US First policy, he has imposed heavy tariffs on foreign goods. He claims that this will emerge firmly American companies and boost domestic production. We will tell you what is going on about India, but before that, know how much tariff the US has imposed on the Asian countries.
How much charge did Trump impose on which Asian countries
| Country | Fee percentage |
| India | 50 percent fee |
| Myanmar | 40 percent fee |
| Thailand and Cambodia | 36 percent fee |
| Bangladesh | 35 percent fee |
| Indonesia | 32 percent fee |
| China and Sri Lanka | 30 percent fee |
| Malaysia | 25 percent fee |
| Philippines and Vietnam | 20 percent fee |
| Pakistan | 19 percent fee |
25 percent fee applied to India
Now, if we talk about India, the 25 percent fee charged by Trump has come into force from Thursday. US President Donald Trump said that now a fee of billions of dollars from countries will start coming to his country, who have taken advantage of America. Trump on Wednesday signed an executive order to impose an additional 25 percent duty on imported goods from India on continuing oil purchases from Russia. With this, the fee in the US on Indian products has now increased to 50 percent. The move is expected to affect areas such as textile, sea products and leather exports.
How much will be the effect?
Let me tell you that in Asia, Trump has imposed the highest fee on India in Asia. All this happened at a time when the American team is going to come to India on 25 August for the sixth round of talks on the proposed bilateral trade agreement. Areas that will be damaged by these fees include textiles, gems and jewelery, shrimp, leather and shoes, animal products, chemicals, and electricity and mechanical machinery. However, these fees will not apply to drugs, energy products (crude oil, sophisticated fuel, natural gas, coal and electricity) to a wide range of significant minerals and electronics. According to exporters, this move will have a serious impact on India’s export of $ 86 billion to the US.
Also read:
https://www.youtube.com/watch?v=4GHSWOD8OZE
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