Donald Trump Targets Bengaluru: US President Donald Trump has now looked at Bengaluru after imposing 50% tax on goods coming from India. Donald Trump’s advisor has also criticized India for procurement of oil from Russia.
Donald Trump H1B Visa Policy: After imposing 50% tax on goods coming from India US President Donald Trump The focus is now on IT services and tech employees. It is being said that Trump is preparing to give a big blow to India’s economy. If this tax is implemented then it will have a serious impact on India’s IT hub Bengaluru. India provides information technology services of Rs 4.20 lakh crore to the US every year. Most of this is from IT capital Karnataka. Therefore, if Trump imposes more tax on IT and BPO sectors, Karnataka will suffer a big loss.
A man named Jack Posobic posted that services offered to the US from abroad should also be taxed like goods. Trump’s business advisor Peter Navarro shared this post, which led to the discussion. There is a demand that IT services, employees working abroad and outsourcing should be taxed.
People close to Trump are thinking of slowing down the pace of India’s progress by paying more fees on those working on H-1B visas, green cards and temporary visas. According to reports, the Trump government is also planning to impose tax on the money sent by Indians living in the US to their country. If this tax is implemented, then India’s human resources, engineers, koders and students will suffer heavy losses. This will shake the foundation of the international outsourcing industry. Indian IT companies like Infosys, TCS, Wipro, Cognizant, HCL are the largest sponsors of H-1B visa. Indian companies offer the most IT services in America.
Trump’s business advisor Peter Navaro has again targeted India on the issue of oil purchases from Russia. He said that the entire country is suffering from buying oil from Russia, but only rich people are taking advantage of. It is important to stop it. The statement came after Modi’s talks with Xi Jinping and Putin at the Shanghai conference. Peter’s statement has been condemned by all parties in India.