US India Tariff: America has officially implemented tariffs on many other countries including India. Today, Prime Minister Narendra Modi will preside over an important high -level cabinet meeting at 1 pm today.
Trump Double Tariff: In this meeting, there will be a discussion about what will be the impact on India’s exports due to increasing American tariffs and what steps will be taken further. The US has recently increased import duty on Indian goods by 50%, which has increased trade tension between the two countries. It is believed that India’s strategy will be discussed in response to this decision in the meeting. According to the White House, 10% or more taxes have been levied on more than 60 countries and goods coming from the European Union since Thursday night.
Tariff increased on these countries also
According to the new rates, 15% tariffs on imports from European Union, Japan and South Korea, while products coming from Taiwan, Vietnam and Bangladesh will be imposed. The Trump administration believes that this country will inspire these countries to invest billions of dollars in the US.
50% tariff on spices coming from India
Explain that a trade union of America has warned that increasing 50% tariff on spices coming from India will directly affect the kitchen there. Many spices used by homes, restaurants and large food manufacturers come from India. According to data from the US Department of Agriculture, last year, the US sought more than $ 410 million spices from India.
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Negotiations between India and America about trade agreement
Negotiations are going on between India and the US about the trade agreement, but both are not able to agree on the issue of farming and dairy products. The US wants it to easily sell its agriculture and dairy products in India, but India is not ready for it. In such a situation, this meeting of PM Modi can be important in deciding India’s trade policy in the coming days.