Reciprocal Tariffs: Will India be the most affected..?
Reciprocal Tariffs: Will india be the most affected..?
A new executive order signed by US President trump has implemented the policy of imposing reciprocal tariffs. According to this policy, the US will impose the same amount of tax on the imports of goods from the country to which the US exports, the same amount of tax that the country imposes on American goods. This new policy is expected to have a major impact on global trade. It especially targets high-tax countries like India.
According to the new executive order signed by trump, he has instructed to conduct country-by-country studies of which countries impose tariffs on American goods and what types of trade restrictions they have imposed. This study will be carried out jointly by the office of the US Trade Representative and other government agencies.
A new executive order signed by US President trump has implemented the policy of imposing reciprocal tariffs. According to this policy, the US will impose the same amount of tax on the imports of goods from the country to which the US exports, the same amount of tax that the country imposes on American goods. This new policy is expected to have a major impact on global trade. It especially targets high-tax countries like India.
According to the new executive order signed by trump, he has instructed to conduct country-by-country studies of which countries impose tariffs on American goods and what types of trade restrictions they have imposed. This study will be carried out jointly by the office of the US Trade Representative and other government agencies.
India currently provides subsidies to various sectors, including the Production Linked Incentive Scheme (PLI) and agriculture. If the US's reciprocal tax policy is implemented, these schemes and subsidies may be affected. As a result, the impact on the trade relationship between india and the US is likely to increase. This new approach by the US will emerge as a major challenge in the international trade environment. It remains to be seen how countries like india will data-face this challenge.