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Donald Trump has been constantly saying that India charges a lot of tariffs from America. In response to this, America will also collect equal tax from him.
US President Donald Trump is going to impose tit tax for tomorrow i.e. from April 2. Meanwhile, Trump claimed that India has decided to reduce tariffs on American products to a great extent.
He said that many countries will reduce their tariffs because they know that they have been wrong with America. The European Union has already reduced its tariff to 2.5%. I recently came to know that India is also going to reduce its tariff to a great extent.
Actually, Trump has named Liberation Day on 2 April. From this day, he is going to install reciperook tariffs on many other countries including India.
At the same time, China, Japan and South Korea have united against Trump’s decision. This has been claimed in a post conducted by a social media account related to the Chinese State Media CCTC.
Trade ministers from China, Japan and South Korea held a meeting on Sunday.
China, Japan, South Korea can make free trade agreement
China, Japan and South Korea held economic discussion on Sunday five years later. During this discussion, the three Asian countries will promote mutual trade amid the announcement of additional tariffs by Trump. Apart from this, trade ministers of the three countries have also expressed the possibility of free trade agreement among themselves.
India has earlier rejected such claims of America
About three weeks ago, Trump made a similar claim about India. The claim was then rejected by the Government of India. Indian Commerce Secretary Sunil Barthwal had told the parliamentary panel that India had not given any commitment regarding tariff cuts with the US.
Giving information to the Parliamentary Committee of Foreign Affairs, Sunil Barthwal had made it clear at that time that the talks between India and the US were still going on and no trade agreement has been finalized yet. Barthwal said that the claims and media reports of the US President cannot be trusted. India’s interests will be taken care of in any trade talks.
Trump had said that India charges a lot of tariffs from us
Actually Trump said on 7 March that India charges a lot of tariffs from us. You cannot sell anything in India. However, India now wants to cut its tariffs a lot, because we are opening their actions.
He said- Everyone has looted our country. But now it has stopped. I had closed it in my first term. Now we are going to close it completely, because it is very wrong. America has been looted by almost every country in the world from the point of view of economic, financial and business.
Trump had said- people would understand April flowers from April 1
Trump gave a record 1 hour 44 minute speech in the joint session of Parliament on 5 March. The speech started with America Is Back, ie ‘America’s round returned’. He had said that many governments could not do what he had done in 43 days.
He had said- ‘Reciperook Tariff’ will be applicable in America from April 2. That is, the more tariff they will apply on us, the more we will apply on them. The more tax they will impose on us, the more tax on them. Trump laughed and said that I wanted to implement it on 1 April, but then people would consider it as ‘April Fool’.
Trump had said that under his administration, if a company would not make its product in America, it will have to give tariffs. In some cases, this tariff will be very large. Other countries impose heavy taxes and tariffs on the US, while the US imposes them very little. This is very unjust. Other countries have been putting tariffs on us for decades, now it is our turn.
