Trump Tariff: US President Donald Trump has imposed reciperook tariff on many countries of the world including India last week. Many countries have been imposed tariffs up to 50 percent. Trump has imposed a baseline tariff of 10 percent on all countries. Trump’s tariff has the biggest impact on the southeast Asian countries and some of the weakest economies in the world. This has further increased the impact of 90 percent cut in international development (USAID) foreign aid contracts by the Trump administration in these countries.

Canada and Mexico out of tariff list

The US has excluded the list of 10 percent baseline and recipe-rich tariffs under the US-Mexico-Canada Agreement (USMCA). In fact, the USMCA (United States-Mexico-Canada Agreement) implemented in the first term of Trump promotes free trade and under this, they are excluded from the tariff list.

Explain that there will be 0 percent tariff on the goods under USMCA, while non-USCA goods will have 25 percent and 10 percent tariff on energy. Mexico and Canada are also exempted because it is a major supply chain for North America in the sector of automobiles and energy, which are important for the American economy. However, if Canada and Mexico do not cooperate with America on border security and trade deficit, then tariffs can also be applicable to them.

Which countries have the most impact of tariffs?

China’s name comes first on this list. Trump announced 54 percent tariff on China earlier this week. While retaliating on this, China imposed a tariff of 34 percent on American imports and now the US has openly challenged China and said that if China does not remove 34 percent tariffs till April 8, it will be imposed an additional 50 percent tariff. In such a situation, the total tariff on Chinese goods will be 94 percent. China exports $ 430 billion goods to the US. In such a situation, the possibility of damage also increases significantly due to increasing tariffs.

Canada and Mexico also damage

Trump has also imposed 25 percent tariffs on Canada and Mexico, as has already been reported. The numbers of Canada on which American tariffs have fallen on include clothes and costumes. This affected the import of about $ 253 billion. In 2024, Canada exported goods worth about $ 421.2 billion to the US.

Similarly, Mexico sends $ 507 billion goods to America. Of these, 236 billion dollars – The current 25 percent is applicable at about 47 percent. However, nothing can be said about whether the changes that have been implemented from 2 April or not. Along with this, Passenger vehicle and auto parts are also a big exporter for Mexico America, which is a total of $ 131 billion. Steel and aluminum are also sent to America from these three countries.

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Us tariff: A good news related to tariffs for India has come from America. According to the report, the US has indicated to keep India in a separate category tariff from China, Mexico and Canada. For the first time between India and America, the trade agreement started face to face in the national capital Delhi for the first time. During this time, the concerned American officials indicated to their Indian counterparts that in terms of tariffs, India will not be treated like China, Mexico and Canada.

Now focus on the matter, officers of both countries

The meeting between the business officials of the two countries was held at a time when the recipe of US President Donald Trump is going to be implemented from April 2. Trump launched a trade war with China after taking over the President for the second time in January this year. Also announced tariffs on Canada and Mexico. In this three -day dialogue between India and America in Delhi, both countries will focus on a framework that will benefit both.

America is a special relationship with India

Let us know that this meeting between the officials of the two countries is being held recently after the US visit of Union Commerce Minister Piyush Goyal. Here he met American trade representative Zamison Greyer and Commerce Secretary Howard Lutnik regarding the Indo-US Trade Agreement (BTA). According to the report of Hindustan Times, an official who has been aware of this conversation has said, “It has now been completely clear that America does not see India by associating with countries like China, Mexico and Canada.”

Discussion on ‘Indo-US Fast Track Mechanism’ on Wednesday began on Wednesday among the US team chaired by Brendan Lynch, an Indian officer and USA’s Assistant Trade Representative, headed by Additional Secretary of the Ministry of Commerce, Rajesh Aggarwal. The report said that the framework of the bilateral trade agreement (BTA) is expected to be finalized by Friday.

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Donald Trump imposed 25% auto tariff on cars imported in the US, what is the effect on India?