Us President Donald Trump on China: The base tariff of 25 percent is already applicable over India by US President Donald Trump. Along with this, due to purchasing oil from Russia, India has been imposed an additional 25 percent tariff as a penalty, which will be effective from August 27. On the other hand, no action has been taken on China from the US so far. Both India and China from Russia are big buyers of oil. In such a situation, President Trump has given a big statement about China on Friday.

When will Panelty be applied on China?

He said that due to buying oil from Russia, there is no need to install tariffs immediately on countries like China and they can see the matter again in the next two-three weeks.

President Trump threatened to re -ban Moscow again, saying that if steps are not taken to end the Ukraine war, then first restrictions would be imposed on Russia and then the countries who buy oil from it. Significantly, Moscow’s largest buyers remain Asian countries, India and China.

Trump said- will consider in two to three weeks

In response to a question asked by Fox News, “Can you consider putting tariffs like India on China even after not getting meaningful results in the meeting held in Alaska with Russia?” – President Trump said that on the basis of a meeting with Putin, it would not be appropriate to take a decision to put a tariff immediately on China. This can be thought of in the next two-three weeks, but there is no need to consider it at the moment.

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India-Rus Trade Tariffs: US President Donald Trump’s statement that India puts 58 percent tariff on US products, these days is in the news, but Union Commerce and Industry Minister Piyush Goyal has revealed the truth by refuting the claim.

Piyush Goyal made it clear on Monday i.e. April 7 that the fee that India imposes on American products is not only 58 percent but only 7-8 percent. He said that this fee is not more in any way and is completely in line with the standards of global trade.

Fairness of India’s trade policy is fairness

Goyal also said that India operates its business relations with fairness and transparency. India believes that it can make trade agreements with countries that follow fair trade activities.

America imposed 26 percent reciperoot tariff

Goyal also informed that the US has recently imposed 26 percent recipe on Indian products. He described it as inappropriate and trade, which can be harmful for both countries. Piyush Goyal said, “America has imposed an additional 26 percent of Indian products, which is unfair.”

Charges on China and BYD’s entry into India

Goyal also targeted China’s business policies and said that China’s unfair trade methods are causing problems in global trade. He also said that China’s carmaker BYD’s entry into India is not necessary at this time, because its business methods are not suitable for the Indian market.

Goyal made it clear that the world is now moving from globalization and moving towards globally. They believe that if countries with fair trade policies come together, then it can become a golden opportunity for India.

India’s fee is for safety

Finally, Goyal said that India’s fee system is to provide protection from illegal trade behavior such as dumping. This policy is to protect India from those countries, which create imbalance in the global market by selling their products cheaply.