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Japan and South Korea also warned that they should not retaliate to increase their tax. By doing this, the US will increase tax on imported things. This may cause damage to the auto and electronics sector of Japan and South Korea.
US President Donald Trump has threatened to impose 10% additional tariffs on countries that support the anti -US policies of the BRICS Group. At the same time, Trump issued a letter related to tariffs to Japan and South Korea. It put 25% tariff on both countries. This will be applicable from 1st August. Trump gave the information about the tariff to be implemented from August 1 by posting a letter on social social. It also warned Japan and South Korea not to retaliate to increase their tax. By doing this, the US will increase tax on imported things. This may cause damage to the auto and electronics sector of Japan and South Korea.
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Why did not tariff not tariff on India
Trump has made a big statement on India. He said that we have dealt with the United Kingdom. Is also a deal with China. The deal with India is very close. The message is very straightforward that the US is angry with the rest of the countries except India. The US has sent a tariff letter to 14 countries. In which it was clearly stated that if there is no talks, then heavy tax will be implemented from August 1. These countries include Bangladesh, South Korea, Thailand, Japan and 10 other countries which are considered to be the major trade partners of the US. But India is not in this list.
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Secret deal between India America
What Trump says makes it clear that America is moving towards a favorite deal with India. One of the major reasons for this is the Geopolitical importance of India. India is not only a big market today but has also become a storgic partner for America. Especially when it comes to countering China. Apart from this, both countries have been interacting to reduce tariffs and make business easier for many years. But the screw in this is that the US wants India to open its dairy sector for foreign companies. Reduce tax on agricultural products. Give more access to American food products in the Indian market. But all this is very politically sensitive for India.
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