India can cut tariffs on certain high -end goods – such as a special type of steel, expensive motorcycle, and electronic items – imported from the United States, sources on Wednesday said NDTV gains. Such steps are unlikely to have a major impact on domestic industries and can be confirmed on Saturday when Union Finance Minister Nirmala Sitarman present the budget. India imports 20 items from the US, which has duties of more than 100 percent.
All this has come as “tremendous tariff manufacturers” by US President Donald Trump in terms of India, China and Brazil – the founding members of the fast -influential BRICS block. Talking to the House Republican, he said that he would not allow it to continue, announced, “We are not going to do it … we are going to keep America first.”
“We are going to put tariffs on outside countries and people who really harm us. China is a tremendous tariff-maker, and India, Brazil, and so many other countries. (But) We are not going to do so Be it at any time … because we are going to put America first, “Trump announced Cheers.
Read | Donald Trump warned “tremendous tariff-maker” in India, China
Trump’s comments made on India (and China and Brazil) on Tuesday on India (and high tariffs’ in September were made in a build-up in the November 20 election. “We are going to do mutual business. If anyone charges 10 cents (in duties) … if they charge US $ 2 … if they charge 100 percent or 250 percent fees from us … So we charge them. “He said to his supporters.
“These people (referring to Indians, Chinese and Brazilians) are the fastest … they use it against us. But India is very difficult. Brazil is very difficult … China is the most difficult … but … We ‘taking care of China with Tariff, “he said.
This comment was then made before the visit of Prime Minister Narendra Modi, although when Joe Biden was still President. And now, after his “tremendous tariff-makers” swipes, Mr. Modi is going to visit the US again.
High tariffs on imported goods in the US – especially from China – had to avoid continuously during Trump’s campaign. He also warned of “100 percent tariff” on BRICS nations, so that the talk of not using the dollar as a normal currency is not stopped.
Trump’s tariff tired has been seen as a clear economic agenda by many, although it can be a means, and that manufacturing is to jump in the US. By marking the prices of major items like steel, semi-sector, medicines, etc., he is just expecting to do so. “Under the first” economic model, as tariffs go up on other countries, taxes will come down on American workers and businesses and the number of jobs and factories will come home. “
Read | Donald Trump how to use “tariff” as a weapon
The other perspective is ‘tariff as a weapon’, which is underlined by Trump’s clash to a point-scene with Colombia on exile. The South American country initially refused to accept an aircraft filled with ‘illegal immigrants’.
Read | “Cooperation or …”: Face-off in Colombia, strong message from Trump
The Trump administration responded by slapping 25 percent of the tariff on the goods from there, leaving the Colombian President Gustavo Petro with any option. Trump later announced that the world would do well to see this exchange.
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