Donald Trump’s ‘mutual tariffs’ Truth Social Post on Thursday (6.46am EST, 5.16PM IST) – a few hours before meeting Prime Minister Narendra Modi in Washington, DC – DC – has re -confirmed, if the confirmation was required, Very, if not all, not all, not all, the dialogue between them will focus on duties, and the US President’s trade tariff continues to make weapons.
In a brief post, with a trademark self-deaf, Trump wrote, “Three great weeks, perhaps the best ever, but today is bigger: mutual tariff !!!”
“Make America great again !!!”
The ‘mutual tariffs’ post was an eco from Wednesday when it was committed to orders that could open new fronts in the fast growing trade war with other countries, including allies, including allies.
NDTV explains. What are mutual tariffs and who can be affected?
The US President has insisted that his ‘mutual tariff’ system – essentially an ‘one eye to the eye’ reactions that have duties on American products – “is the only appropriate way of business”.
The White House said on Wednesday that Trump’s ‘mutual tariff’ scheme can be announced today before his meeting with PM Modi.
Read | Trump to sign an order on mutual tariff before PM Modi’s US visit
This, in fact, should be so, it will be seen, at least by the Trump administration, sending a message about the situation of America to the world on tariffs.
PM Modi in America
Mr. Modi today arrived in the United States for the first bilateral meeting as Trump was selected for a second term in November; He did this on the back of a staunch nationalist agenda that included promises to deport illegal immigrants and jump a stuttering manufacturing sector.
Read | Immigration possibility on agenda in PM, tariff, trump in America
Action on the previous front involved sending a military eclipse of 104 Indians illegally entering the US. The method of exile – the exiles were shaken – a line began in India.
Read | “You will be removed”: Video of Indians in US Border Petrol Video Chain
On the latter front, Trump slapped 25 percent tariffs on steel and aluminum imports, a step that he expects to promote the production and consumption of similar products made by American companies.
25 percent of tariffs also apply to India (where it caused an accident of 1,000+ points in the stock market this week) and this is what the PM would be expected to increase during his conversation with Trump.
India is not a particularly large supplier of steel for America, but it is one of the largest primary producers in the world which is aluminum and America’s top export market.
Read | Trump Tariff Spark Meltdown, Sensx crashed more than 1,000 points
Therefore, America exports aluminum to the US, so one can see a drop. Producers – such as Vedanta and Hindalco – will eventually find alternative markets, but will take time to absorb extra.
Read | “Chance to build our cooperation”: PM Modi on meeting Trump in us
Next to his visit to America, the Prime Minister talked about “cooperation” between himself and Trump during the later term (2017-2021) and hoped that the India-US partnership with strong personal relations was in important areas in important areas Growth will help. Technology, Business and Defense.
Trump targets India
Trump has earlier called India a “very humiliating” on trade, and his top economic advisor Kevin Haset excluded the country as being “too much” tariffs in a CNBC interview.
Last month, he nominated India, Brazil and China as “US loss”.
Read | “America furs
Amidst Trump’s tired on tariff, India reduced custom duties on import of American products this month, such as high-end motorcycles and cars, and smartphone components, in a step that Harley-Davidson, Tesla, such as Americans Corporate giants are expected to benefit, Tesla, Tesla, Tesla, Tesla, Tesla, and Apples.
Read | Amid tariff hazards, India cuts import duty on American bikes, cars
However, Finance Minister Nirmala Sitarman has said that India did not have a reaction to the tariff announcements of Custom duty rationalization Trump. “We are looking to strengthen the foundation of the Indian economy,” he told NDTV in a special post-union budget 2025 interview.
Tariff in trump 1.0 and 2.0
Trump introduced similar tariffs during his first term (2017-2021), but then some nations, such as Canada and Mexico and his successor, who biden concessions, i.e., duty-free quota, Britain, Japan, Japan Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan, Japan , Are Japan, Japan, Japan, Japan, Japan, Japan, Japan. And the European Union.
The US saw a collision in manufacturing employment as a result of Tram’s first term, but in March 2018, things changed after introducing steel and aluminum tariffs.
In 2019, the first whole year after those tariffs became effective, the US lost manufacturing jobs and the comprehensive factory sector entered a recession with industrial production fall.
With input from agencies
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