Trump tariff
The country’s business organizations have now opened a front against the decision of America to impose 25% additional tariffs on goods coming from India. The Chamber of Trade and Industry (CTI) on Thursday criticized the move, saying that it could cause India $ 7 billion loss every year. Also, CTI has warned that if the decision is not withdrawn, opposition to American goods will be started in India.
Many sectors will be affected, increased restlessness among traders
CTI Chairman Brijesh Goyal and General Secretary Gurmeet Arora said that India sends many products like metal, pearl, stone, leather, chemical, textiles, electronic, electric, spices, machinery parts, medicines and rice to the US. Now due to 25% tariff, the prices of all these products will increase in the US market, which can reduce exports. This will affect Indian businesses and factories.
Goyal said that especially a large amount of goods from Delhi go to America. Now there is confusion about export order. Many orders have been sent to the earlier rate which are now on the way. In such a situation, there is confusion about payment. Both the businessman and the manufacturer are in an atmosphere of uncertainty.
If the tariff is not withdrawn, the protest campaign will start
CTI Senior Vice President Deepak Garg and Vice President Rahul Adalkha said that Chamber will soon talk to business organizations and launch a campaign against America’s products. Just as Chinese goods quit India expedition showed impact, similarly the boycott of American goods can also be seen on a large scale during festivals. He said that India has a large market for beverages, wafers, food chains and other services coming from America. CTI is working on the strategy of opposing all these brands.
Government takes strict steps against tariff
The CTI has urged the Government of India to put the demand to withdraw this 25% tariff with immediate effect in front of the US. The organization has said that this is not just business but a matter related to livelihood of millions of businessmen and employees. CTI believes that this decision will not only harm India, but the US may also get a shock in a long time, because India is a big consumer market and business partner.