The first phase of 25% tariff on India will be effective from today, the trade of these things will be directly on
us President The first phase of 25 percent tariff on things imported from India by Donald Trump has come into force from today. The White House announced on July 30 last week that India would have to pay 25 percent tariffs. After this, Trump issued a government order, in which it was a list of how much tariff the US would impose on imports from different countries around the world. Trump announced the tariff rate for about 70 countries in a government order.
Business of these things will be affected
25 percent of the counter-duty on India has become effective from Thursday, August 7, which will directly affect India’s textile/textiles, gems and jewelery, shrimp, leather and shoes-slippers, chemicals and electrical and mechanical machinery. Let us tell you that in addition to the 25 percent tariff declared last week, President Trump on Wednesday imposed an additional 25 percent fee on India to buy Russian oil, which has increased the total tariff to 50 percent on India, which is one of the highest tariffs imposed by the US on any country. This additional tariff of 25 percent will be effective after 21 days i.e. from August 27.
PM Modi gave a befitting reply on America’s tariff
Prime Minister Narendra Modi on Thursday responded by US President Donald Trump to declare the tariff imposed on India. PM Modi said in a conference held in Delhi that the interest of farmers is the top priority of India. He said that India will never compromise on the interests of farmers, fishermen and people associated with the dairy sector. The PM said, “If I have to pay a price to protect the interests of farmers, then I am ready for it.”
India will not compromise on agriculture and dairy
Let us tell you that the US has been demanding to enter India’s agriculture and dairy sector since the beginning of trade talks with India. But India had already told the US in clear terms that they would not make any compromise for agriculture and dairy sectors. India had already made the US clear that it would not give them any concession in agriculture and dairy sector.
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