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The counter tariff imposed by US President Donald Trump will damage the US economy and it can also cause recession globally. This statement was given by economist Akash Jindal on Thursday. Talking to the news agency IANS, Jindal said that according to me it is a bad decision that due to which the pace of America’s economy will be slow and the consumers there will suffer more damage and this can affect global trade and can also cause recession globally.
He further said that our government is solution oriented and takes a decision after seeing the situation. The central government also tried to negotiate with the US about tariffs, but the US was imposed a counter tariff. This decision can affect the exports from India to America. This will only cause damage in the short term. However, there will be no loss in the long period.
Akash Jindal further said that Prime Minister Narendra Modi The whole world respects. Under his leadership, we can compromise with other big countries of the world in the coming time, which will open new avenues for the export of India. It is believed that the tariffs declared by Trump will bring a big change in the global trade and manufacturing value chain.
The counter-tariffs imposed on many countries including India by President Donald Trump can see a short period of upheaval in the global markets. The most impact of this tariff will be on auto, steel and agriculture. However, no tariff has been imposed on pharma. On Wednesday, Trump has announced tariffs on India with 26 percent on India, 34 percent on China, 46 percent on Vietnam and 20 percent on European union.
In fact, on Wednesday, Trump has announced to put reciperook tariffs on countries around the world. Let us know which countries have been imposed on-
34%on China, European Union: 20%, South Korea: 25%, India: 26%, Vietnam: 46%, Taiwan: 32%, Japan: 24%, Thailand: 36%, Switzerland: 31%, Indonesia: 32%, Malaysia: 24%, Cambodia: 49%, Cambodia: 49%, United Kingdom: 10%, South Africa: 30%, Brahmil: 10%, 10%, Bangladesh: 37%, Singapore: 10%. Israel: 17%. Philippines: 17%, Chile: 10%, Australia: 10%, Pakistan: 29%, Turkish: 10%, Sri Lanka: 44%, Colombia: 10%Tariff has been imposed
Also read: narrowly survived! These sectors of India did not fall on tariff, take a look on the list
