look news india
News India Live, Digital Desk: There is a news coming from the world of international market and trade which has created a stir in the Indian corridors overnight. The news is that Donald Trump has given the green signal to some such tariff plans, after which the discussion has started whether Indian goods will now be taxed up to 500%? If this happens, it will be no less than a major earthquake for the business world.
What does Trump want to do?
Trump has always been in favor of ‘Reciprocal Trade’. Their argument is simple—”If you tax our goods, why shouldn’t we tax yours?” In fact, Trump has often mentioned India’s high tax slab. Now in the new update that is coming out, the sound of big changes is being heard from next week. It is being said that heavy duty may be imposed on certain Indian products reaching the American market.
What will be the impact on the general public and traders?
In layman’s terms, if America increases the tariff, the goods exported from India will become very expensive. This may include things like textiles, spices, IT services and auto parts. If the US route is closed or difficult, the profits of many of our companies will be directly affected. The trade relations between India and America have strengthened significantly in the last few years, so these news are worrying.
Is this just a strategy to create pressure?
Many experts believe that Trump often presents big and shocking figures (like 500%) so that he can gain strength at the negotiating table. Maybe this is their way of striking a new and better trade deal with India. But the question is, is there really going to be any big announcement next week?
Currently, the Indian Foreign Ministry and business organizations are closely monitoring the situation. This is also a testing moment for India as to how it protects its economy and the interests of its exporters. Now the next seven days will decide whether the trains will run or the brakes will be applied on our trade track with America.