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US President Donald Trump made a big announcement on Monday (11 August). ‘The Wall Street General‘ According to a report by Trump said that there will be no tariff on gold. Earlier, the Customs and Border Security Department had said that gold could be taxed on gold, but Trump has made the situation clear on it. Trump has announced this at a time when he is running with India and Russia. Trump has imposed 50 percent tariff on India.
Trump has shared the post on the social media platform Truth, in which information has been given about not putting tariffs on gold. There was a rumor in the market regarding gold that it would have a huge tariff, after which gold priceThere was a huge bounce in this, but now Trump has given a relief news.
There itself Last week, American custom officials also issued a letter, stating that the gold bar with two standard weight (one kilogram and 100 ounces) should be kept under the tariff. After this letter, there was an increased concern among gold traders and investors that this would affect the International Gold Market.
Trump’s statement cleared the situation
This clear statement of Trump has now cleared the situation and the businessmen associated with gold business have been relieved. Experts believe that this step will keep gold prices and its global trade stability.
America imposed 50 percent tariff on India
Trump, angry with India, has imposed 50 percent tariff on it. Trump is angry about India to buy oil from Russia. He says that Russia works to promote war. Trump is also angry about the trade deal with India. For this reason, first 25 percent tariff was imposed on India. Now it has been increased to 50 percent.
