There has been a new discussion all over the world about the tariff of US President Donald Trump. Addressing both the sessions of the Congress on March 5, Donald Trump had said that whatever US tariffs will be imposed on us, we will also put tariffs on them. US President Donald Trump also spoke on India in his address. He said that India puts a lot of tariffs on us and China too. If you do not make your product in America, then you have to give a tariff. In some cases, that tariff will be much higher.
Trump has fixed the deadline of tariff on April 2
Trump says that other countries charge “too much” tariffs from America, it is very wrong. Other countries have used tariffs against us for decades, and now it is our turn to use them. The tariffs will be applicable from April 2. Whatever tariff they will put on us, we will put tariffs on them. He said that I wanted to start it 1 April, but I did not want to accuse April Fool’s Day.
‘India charges 100 percent auto tariff from us’
Trump also said that India charges 100% auto tariff from us. This is not appropriate for America. Whatever tariff we put on us, we will put tariffs on them. Whatever they tax on us, we will tax them. If they impose non -monetary tariffs to keep us out of their market, we will put tariffs to keep them out of our market … “
Reaction of Federation of Indian Export Organization on US tariff
NDTV spoke to Dr. Ajay Sahay, CEO of the Federation of Indian Export Organization (FIEO) after US President Donald Trump’s tariff statement came out. In his response to the American tariff, Ajay Sahai said that the statement of US President Donald Trump came at a time when the talks between India and the US about a new bilateral trade agreement are going to start, tariff will also be an important part in this conversation.
‘April 2 deadline is a negotiating tactic’
Ajay Sahay, CEO of the Federation of Indian Export Organizations (FIEO) Ajay Sahai said, “The deadline of April 2 is a negotiating tactic. This trump can be an attempt to increase the pressure of the administration. We are not worried. We hope that the Indian Negotiaters will protect India’s interests. How much will the trumps do not know how the trumps will increase the tariff on which Indian product?”
Increasing American tariff will affect the jewelery sector
He further said that our assessment is that the highest 23% duty is in the differential auto sector. If the trump administration increases the tariff on auto component products, then it will have the most impact on the auto component sector. The highest export from India is in James and Jewelery sector. The duty different in this sector is 13.1%. If America increases tariffs, then it will affect the James and Jewelery sector in the context of the highest value.
Hope to increase tariffs on mobile and pharma sector
Dr. Ajay Sahai further said that as far as the mobile phones textile and pharma sector are concerned, I do not think the Trump administration will increase the tariff on these sectors. The duty different on textile products is just 1.8% while the textile sector is -4.2%. The Government of India has already reduced considerable duty on Borbone Whiskey and Harley Davidson.
Also read-from China-Pak to Dollar-Cariff … External Affairs Minister Jaishankar told India’s stand, know in 10 points
(Tagstotranslate) US tariff
