New Delhi. US President Donald Trump has imposed a 26 percent recipes on India. Trump has announced more tariffs on India’s neighboring countries China, Pakistan and Bangladesh. On this, the Government of India says that the impact of Trump’s reciperook tariff is being analyzed by the Ministry of Commerce. Quoting a senior officer, the news channel Aaj Tak has told that Trump’s tariff is not a shock for India. The Narendra Modi government feels that the reciperook tariff imposed on India by Trump may have a mixed effect.
Whatever goods that US imports from India imports, 10 per cent tariff will be levied from April 5. Whereas, the rest of the 16 per cent tariff will start from April 10. According to a senior Modi government officer, the reciprocal tariff that US President Donald Trump announced that if a country shares its concern with America, then the tariff can also be reduced. India and the United States have already set their representatives to negotiate on the issue of tariffs. At the same time, America is also interacting to enact a trade agreement with India. The trade agreement between India and the US may apply this year.
Trump imposed only 26 percent tariff on India. Whereas, he says that India takes 56 percent tariffs on the goods imported from the US. It is believed that Trump has kept the tariff rate low on India so that the door of negotiation between the two countries remains open. The special thing is also that the Chinese Ambassador to India had said on Wednesday that their country is now considering increasing trade from India. Earlier it was reported that if Trump’s tariff showed more damage, then India can also find new markets for its products in Europe, Arab countries and Canada. In such a situation, after a few days, it will be known that Trump’s tariff affected India’s products. Because this tariff will cost the goods of other countries in America and it is going to put more burden on the public’s pocket.
