By Admin 
US President Donald Trump has threatened India several times so far. Trump had announced 25 percent tariff on India, but now he has clearly retracted it. According to a PTI report, Trump said on Wednesday (August 6) that I have never revealed the percentage of tariffs to be imposed on India. The US President several times claimed that India is a tariff king and he imposes the most tariffs on America, but Trump’s claim is hollow.
Actually, Trump had expressed displeasure over India buying oil from Russia. He also threatened to impose 100 percent tariff on India. Trump was questioned about this threat. He said in response, “I have never told the percentage, but we are going to do something like this.” Let’s see what happens next. ”Trump It also said that there is going to be a meeting with Russia on Wednesday, but it was not clarified where and on what subject. He said, “We will see what happens and will decide at the same time.”
How much tariff does India put on America
India imposes very little tariffs on American exports as compared to other countries. India’s tariff has declined significantly in the last three decades. It was 56 percent in 1990, which is just 4.6 percent. According to NDTV report, India’s weightage tariff (weightage tariff) is much lower than in Vietnam, European Union and Indonesia. The European Union has 5 percent tariffs and 5.1 percent of Vietnam. At the same time, Indonesia has 5.7 percent.
What is weighty tariff
Weighted tariffs or weightage tariffs are different than simple tariffs. The simple tariff of India is 15.98 percent, which is attractively imposed on all products, but weighted tariffs depend on the amount of imports. Actual duty is applied on this.
What did Trump accuse India
Trump also accused India that he is buying a large amount of Russian oil and selling it in profit. He threatened that America would put more tariffs on India. India had also strongly retaliated on the US and the European Union for incorrectly targeting crude oil from Russia.