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		<title>&#8216;It was not easy to impose 50% tariff on India &#8230;&#8217;, What did Donald Trump now say after calling PM Modi a special friend?</title>
		<link>https://fastnewsglobe.com/it-was-not-easy-to-impose-50-tariff-on-india-what-did-donald-trump-now-say-after-calling-pm-modi-a-special-friend/</link>
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		<pubDate>Sat, 13 Sep 2025 02:32:21 +0000</pubDate>
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					<description><![CDATA[<p>US President Donald Trump has said that it was not an easy decision to impose...</p>
<p>The post <a href="https://fastnewsglobe.com/it-was-not-easy-to-impose-50-tariff-on-india-what-did-donald-trump-now-say-after-calling-pm-modi-a-special-friend/">&#8216;It was not easy to impose 50% tariff on India &#8230;&#8217;, What did Donald Trump now say after calling PM Modi a special friend?</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;">US President Donald Trump has said that it was not an easy decision to impose tariffs (tax) due to buying Russian oil on India. He said that this caused a strain in the relationship between the two countries.</p>
<p style="text-align: justify;">In an interview to Fox News, Trump said, &#8220;India was the biggest customer in Russia. I imposed 50% tariff on India, because they were buying oil from Russia. It was a big step and this increased differences with India.&#8221; Trump also said that Russia&#8217;s issue is more in Europe, less of America. He claimed that during his tenure he resolved many major controversies, including the issue of Pakistan-India.</p>
<p style="text-align: justify;"><strong>India defended the purchase of oil from Russia </strong></p>
<p style="text-align: justify;">On the other hand, India has defended the purchase of Russian oil. India says that the purchase of energy depends on its national interest and market status.</p>
<p style="text-align: justify;"><strong>Pressure from America</strong></p>
<p style="text-align: justify;">Sergio Gore, a nominated candidate for the post of Ambassador in India of Trump administration, said that the US wants India to buy American oil and petroleum products. He says that India&#8217;s more than 140 million population and fast growing middle class is a big market for America.</p>
<p style="text-align: justify;"><strong>What did the American Commerce Secretary say?</strong></p>
<p style="text-align: justify;">Talking to CNBC, American Commerce Secretary Howard Lutnik also indicated that if India stops buying Russian oil, then the trade agreement between the two countries may open.</p>
<p style="text-align: justify;"><strong>Effect on India-US relations</strong></p>
<p style="text-align: justify;">In the last few months, there has been a lot of ups and downs in the relations between India and America, where India&#8217;s buying oil from Russia has caused the main dispute. The Modi government has said its side on this, saying that taking oil from Russia is completely in the national interest, because it gives cheaper fuel and ensures the energy security of the people. Meanwhile, in August, the US imposed 25% additional tariffs on some Indian products, which increased the total fee to 50%. Which is the highest among all the business partners of America.</p>
<p style="text-align: justify;"><strong>Also read-</strong></p>
<p style="text-align: justify;"><strong>After Shahbaz-Munir, Zardari now attended the court of &#8216;Dragon&#8217;, China&#8217;s Foreign Ministry said this</strong></p>
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<p><a href="https://www.abplive.com/news/world/india-us-relations-donald-trump-50-percent-tariff-russian-oil-imports-trade-tensions-us-pressure-on-india-3011686" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/it-was-not-easy-to-impose-50-tariff-on-india-what-did-donald-trump-now-say-after-calling-pm-modi-a-special-friend/">&#8216;It was not easy to impose 50% tariff on India &#8230;&#8217;, What did Donald Trump now say after calling PM Modi a special friend?</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<title>&#8216;America is very powerful, nothing will be saved without us &#8230;&#8217;, Trump showed up again after PM Modi&#8217;s visit to China, know what said on tariff</title>
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		<pubDate>Wed, 03 Sep 2025 02:04:10 +0000</pubDate>
				<category><![CDATA[World News]]></category>
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					<description><![CDATA[<p>US President Donald Trump was once again seen showing his attitude on the case of...</p>
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<p class="pf0" style="text-align: justify;"><!--StartFragment --><span class="cf0">US President Donald Trump was once again seen showing his attitude on the case of tariff. Trump said on Tuesday (September 2) that America is very powerful and without it nothing will be left in the world. He also reacted to the tariff imposed on India after Prime Minister Narendra Modi&#8217;s visit to China. Trump said that whatever was being made by India was sending it to America, but due to 100 percent tariff we were not able to send anything to India. </span></p>
<p class="pf0" style="text-align: justify;"><!--EndFragment --><span class="cf0">Addressing a press conference from the oval office, Trump said, &#8220;We were not trading much with India, but they have been trading with us, because we were not taking any tariff from them, it was foolish. It was foolish. Was whatever items he made, he sent it to the US market. It remained a lot in America and we were not sending anything.</span></p>
<p class="pf0" style="text-align: justify;"><strong><span class="cf0">Nothing will be left without America &#8211; Trump</span></strong></p>
<p class="pf0" style="text-align: justify;"><span class="cf0">Donald Trump said, &#8220;&#8221;</span><span class="cf0">Nothing will be left in the world without America. America is very big and powerful. I have made it quite huge in the first few years. I have stopped many wars in the world and they have stopped on the strength of war trade. Tariff has played an important role in trade. &#8216; <!--StartFragment --></span><span class="cf0">Trump justified the tariff imposed on all countries including India. He said that tariff will help save American jobs.  </span></p>
<p class="pf0" style="text-align: justify;"><span class="cf0"><strong>Why the ruckus about tariff</strong> </span></p>
<p class="pf0" style="text-align: justify;"><span class="cf0">The US had first imposed 25 percent tariff on India, but increased it by 25 percent. In this way, a total of 50 percent tariff was imposed on India. Trump had said that India should not buy oil from Russia, but India did not make any changes in its business relations with Russia. For this reason, Trump put additional tariffs on India.</span></p>
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<p><a href="https://www.abplive.com/news/world/us-president-donald-trump-reaction-on-pm-modi-china-visit-tariff-putin-jinping-3006019" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/america-is-very-powerful-nothing-will-be-saved-without-us-trump-showed-up-again-after-pm-modis-visit-to-china-know-what-said-on-tariff/">&#8216;America is very powerful, nothing will be saved without us &#8230;&#8217;, Trump showed up again after PM Modi&#8217;s visit to China, know what said on tariff</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<title>Seeing the trio of Putin-Modi and Jinping, America remembered to improve relations with India, &#8216;Two great countries&#8217;</title>
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		<pubDate>Tue, 02 Sep 2025 01:53:12 +0000</pubDate>
				<category><![CDATA[World News]]></category>
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					<description><![CDATA[<p>Tension is increasing between America and India due to trade and energy. After US President...</p>
<p>The post <a href="https://fastnewsglobe.com/seeing-the-trio-of-putin-modi-and-jinping-america-remembered-to-improve-relations-with-india-two-great-countries/">Seeing the trio of Putin-Modi and Jinping, America remembered to improve relations with India, &#8216;Two great countries&#8217;</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;">Tension is increasing between America and India due to trade and energy. After US President Donald Trump&#8217;s displeasure over India&#8217;s 50% tariff and Russian oil purchases, American Treasury Secretary Scott Besant has given a strong message about relations between the two countries. Besant said that there is a strong foundation between America and India and any differences between the two countries can be resolved.</p>
<p style="text-align: justify;"><strong>What did US Treasury Secretary Scott Besant say?</strong></p>
<p style="text-align: justify;">US Treasury Secretary Scott Besant said in a special interview to Fox News that relations between the US and India are strong and it is possible for both democratic countries to resolve their differences. He said, &#8220;Two great countries will solve it.&#8221;</p>
<p style="text-align: justify;">However, Besant took a tough stand on the continuous purchase of crude oil from Russia by India. He said that this activist of India is providing financial assistance to Moscow&#8217;s Ukraine War. He said, &#8220;India has contributed to Russia&#8217;s war efforts by buying cheap oil from Russia and then selling sophisticated products. This is not a good step.&#8221;</p>
<p style="text-align: justify;"><strong>Besant has given the reason for the Trump administration to increase the tariff on India</strong></p>
<p style="text-align: justify;">Besant also gave the reason for the Trump administration&#8217;s decision to increase the tariff on India. He said that due to slow trade negotiations, America had to take 25% and then 50% tariffs. He also mentioned the recent meeting of Prime Minister of India Narendra Modi, in which PM Modi met Russia&#8217;s President Vladimir Putin and Chinese President Xi Jinping at the SCO summit. Besant said that India&#8217;s price system is close to America and China, not Russia.</p>
<p style="text-align: justify;"><strong>Also read-</strong></p>
<p style="text-align: justify;"><strong>American media angry over Trump&#8217;s unilateral tragedy statement, &#8216;PM Modi, Putin and Jinping cannot be ignored&#8217;</strong></p>
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<p><a href="https://www.abplive.com/news/world/us-india-trade-tension-trump-tariff-russia-oil-scott-bessent-statement-amid-sco-summit-2025-3005416" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/seeing-the-trio-of-putin-modi-and-jinping-america-remembered-to-improve-relations-with-india-two-great-countries/">Seeing the trio of Putin-Modi and Jinping, America remembered to improve relations with India, &#8216;Two great countries&#8217;</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<title>China provoked the tariff of Trump on India, Jinping messenger told the President of the US, the crook, said- &#8216;Give one inch land &#8230;&#8217;</title>
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		<pubDate>Thu, 07 Aug 2025 15:38:13 +0000</pubDate>
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					<description><![CDATA[<p>Business tension between America and India seems to be deepening once again. The decision of...</p>
<p>The post <a href="https://fastnewsglobe.com/china-provoked-the-tariff-of-trump-on-india-jinping-messenger-told-the-president-of-the-us-the-crook-said-give-one-inch-land/">China provoked the tariff of Trump on India, Jinping messenger told the President of the US, the crook, said- &#8216;Give one inch land &#8230;&#8217;</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;">Business tension between America and India seems to be deepening once again. The decision of US President Donald Trump imposing 25% additional tariffs on India&#8217;s goods has created a stir in political and diplomatic circles. The move is being criticized all -round, and now China has also openly come out in support of India. The Chinese ambassador has targeted Trump as a &#8220;crook&#8221; and described it as a threat to the global trade system. This incident has happened at a time when speculation about Prime Minister Modi&#8217;s possible China visit is also sharp.</p>
<p><strong>America&#8217;s 50% tariff on India</strong><br />US President Donald Trump has announced an additional 25% tariff on India, which has now increased the total fee to 50%. This decision has been taken due to India&#8217;s continuation of oil trade with Russia. The White House said that this decision has been taken in response to India&#8217;s &#8220;frequent inaction and vengeance&#8221;. This tariff can affect India&#8217;s exports that already depend on a large market like America.</p>
<p style="text-align: justify;"><strong>Chinese ambassador&#8217;s sharp comment: Trump said &#8220;crooks&#8221;<br /></strong>Chinese Ambassador to New Delhi, Shoo Faihong, on Thursday criticized US President Trump and called him a &#8220;crook&#8221;. He wrote without naming X, &#8216;If the crook is given an inch, he takes a mile.&#8217; He also shared a part of the recent phone call between Chinese Foreign Minister Wang Yi and the Chief Advisor of the President of Brazil. In this conversation, Wang Yi said, &#8216;The use of tariffs to suppress other countries is a violation of the Charter and it weakens the rules of the World Trade Organization (WTO).&#8217;</p>
<p><strong>India and China: Strategic rival, still in touch</strong></p>
<p>Although India and China are rival to each other for strategic impact in South Asia, the two countries also communicate with each other on the global stage. According to sources, Prime Minister Narendra Modi can visit China in late August. If this journey takes place, it will be Modi&#8217;s first visit to China after 2018. In October 2024, Modi and Chinese President Xi Jinping met in Russia for the last time.</p>
<p><strong>Impact of tariff on India: Export falls, GDP injuries<br /></strong>According to Bloomberg Economics, the total tariffs imposed by the US may decline by up to 60% in India&#8217;s exports. This is likely to decline in India&#8217;s GDP by about 1%. The Reserve Bank of India has estimated a growth rate of 6.5% in FY 2026, which is much lower than the average of the previous years.</p>
<p><strong>Which areas will be affected?<br /></strong>The new tariff can almost stop the export activity of labor-dominated areas such as gems and jewelery, textiles and shoe industries. This decision is likely to be effective within 21 days.</p>
<p><strong>India expressed strong opposition<br /></strong>The Government of India has termed the US move as unfair and unjust. The government criticized Trump and said that it is wrong to target India in this way, while many other countries are also buying oil from Russia.</p>
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<p><a href="https://www.abplive.com/news/india/chinese-ambassador-xu-feihong-reaction-on-trump-tariff-on-india-slammed-us-president-called-him-bully-2992129" target="_blank" rel="noopener">Source link </a></p>
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		<title>Munir was called by Trump by implicating India in tariffs, what is cooking between America-Pakistan?</title>
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		<pubDate>Thu, 07 Aug 2025 04:46:44 +0000</pubDate>
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					<description><![CDATA[<p>Tension between India and America seems to be increasing. President Donald Trump has announced to...</p>
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<p class="pf0" style="text-align: justify;"><span class="cf0">Tension between India and America seems to be increasing. President Donald Trump has announced to impose 50 percent tariff. Meanwhile, the closeness between America and Pakistan seems to be increasing. Pak Army Chief Asim Munir is ready to visit America for the second time. According to the report of Pak News website Don, Munir can visit Washington in the last week of August this year.</span></p>
<p class="pf0" style="text-align: justify;"><span class="cf0">Asim Munir visited America even after Operation Sindoor. Now they are preparing again. This may be a sign of deep bilateral relations between the US and Pakistan. According to the report, Munir will participate in the farewell ceremony of the US Army General and United States Central Command Commander Michael Kurila. Munir is going to Washington for this reason. During his tenure, Kurila described Pakistan as a partner who took action against terror.</span></p>
<p class="pf0" style="text-align: justify;"><strong><span class="cf0">Why did American general praise Pakistan</span></strong></p>
<p class="pf0" style="text-align: justify;"><span class="cf0">America&#8217;s Dhakad Army General Kurila has led his army in the Middle East. They are retiring this month.</span><span class="cf1">  ,</span><span class="cf0">The Hindu</span><span class="cf1">,</span><span class="cf0">  According to a report by Kurila, a few months ago, praised Pakistan for catching five ISIS terrorists. He had said that Pakistan has done excellent work by catching terrorists based on the input given by America.</span></p>
<p class="pf0" style="text-align: justify;"><strong><span class="cf0">What did the White House respond to Munir-Trump&#8217;s meeting</span></strong></p>
<p class="pf0" style="text-align: justify;"><span class="cf0">Munir visited America in June this year. He also had lunch with Trump, which was discussed a lot. Trump and Munir held a meeting for about two hours. The White House had said that Trump had invited Munir. He said that Trump has recommended to stop the nuclear war between India and Pakistan. It is also important that Trump has taken a credit of ceasefire between the two countries many times after Operation Sindoor. </span></p>
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		<title>Us-Pakistan Relations: Pak PM Shahbaz Sharif did not face Pakistan-US trade agreement- said to Trump- Thank you</title>
		<link>https://fastnewsglobe.com/us-pakistan-relations-pak-pm-shahbaz-sharif-did-not-face-pakistan-us-trade-agreement-said-to-trump-thank-you/</link>
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		<pubDate>Thu, 31 Jul 2025 08:15:36 +0000</pubDate>
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					<description><![CDATA[<p>American Donald Trump recently surprised everyone by announcing a historic trade agreement with Pakistan, while...</p>
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<p style="text-align: justify;">American Donald Trump recently surprised everyone by announcing a historic trade agreement with Pakistan, while on the other hand he talked about imposing 25% tariffs and additional tariffs on India. It is clear from the timing of both these announcements that the Trump administration is adopting a new strategic pressure policy in South Asia.</p>
<p style="text-align: justify;">Pakistani Prime Minister Shahbaz Sharif thanked Trump for the agreement and described it as a step to expand the boundaries of permanent partnership. At the same time, India took cognizance of Trump&#8217;s statements and said that it is evaluating the effects and is committed to mutual beneficial trade agreement.</p>
<p style="text-align: justify;"><strong>Oil and investment for Pakistan</strong><br />Trump also spoke about an energy partnership with Pakistan in his Truth social post. He wrote that we have entered into an agreement with Pakistan, under which the two countries together will develop its huge oil reserves. It is going to be confused because there is not much practical information about Pakistan&#8217;s oil reserves. Experts believe that Pakistan may have oil sources in some limited areas, but they are still unknown for technical, financial and geopolitical reasons.</p>
<p style="text-align: justify;"><strong>Trump&#8217;s pressure on India</strong><br />A day earlier, Trump had announced a 25% tariff on all imports on India and additional fine on defense and energy agreements with Russia. He described India&#8217;s tariff as the world&#8217;s most rigorous and unpleasant and said that India would have to pay 25 percent tariffs and a fine for the above from 1 August. In addition, Trump described India&#8217;s membership in BRICS as part of the anti-America group and said that it is part of the US dollar attack. This comment directly questions India&#8217;s multilateral foreign policy and strategic autonomy.</p>
<p style="text-align: justify;"><strong>Also read: Pakistan has a lot of power to compete with &#8216;Holocaust&#8217;, how powerful in the claim of Pak Army, how powerful?<br /></strong></p>
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		<title>Trump Tariff On India: Trump said soon after the announcement of 25 percent tariff- &#8216;Talking to India right now &#8230;&#8217;</title>
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		<pubDate>Thu, 31 Jul 2025 05:05:06 +0000</pubDate>
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					<description><![CDATA[<p>Amid the decision to impose tariffs on India, US President Donald Trump made a statement...</p>
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<p style="text-align: justify;">Amid the decision to impose tariffs on India, US President Donald Trump made a statement in a press conference that we are talking to him right now. Let&#8217;s see what happens. India is the most tariff country in the world. We are currently interacting with India on this matter, where the rate ranges from 100% to 175%.  However, the Government of India has clarified that it is committed to a fair, balanced and mutually profitable agreement with the US.</p>
<p style="text-align: justify;">Trump not only lashed out at India&#8217;s tariff, but also described India&#8217;s energy partnership with Russia and the BRICS group membership as anti-America. He targeted India at joining the group, which aims to challenge the dollar power. BRICS is basically a group of anti-America countries and India is part of it. This is an attack on the dollar. This is not the first time Trump has criticized the traditional partners of America, but directly connecting India to the anti-America group is an extraordinary statement diplomatically.</p>
<blockquote class="twitter-tweet"><p>&#13;</p>
<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/WATCH?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Watch</a> On a question by ani Regarding Whether he is Open to Negotiating with India on the tariffs, us president donald trump says, &#8220;We are talking to them now. We will see what happened. About the Highest-Tariff Nation in the World &#8230; We will see. <a href="https://t.co/BviM6uOce3" rel="nofollow">pic.twitter.com/bvim6uoce3</a></p>
<p>&#8211; ANI (@ani) <a href="https://twitter.com/ANI/status/1950736615334101152?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">July 31, 2025</a></p></blockquote>
<p style="text-align: justify;"><strong>Modi-tramp relationship</strong><br />Trump described Prime Minister Narendra Modi as a friend in the press conference, but also said that India buys very few goods from America. According to Trump, the business imbalance is so deep that America had to take action on it. Prime Minister Modi is my friend, but he does not do much in terms of business with us. Through this statement, Trump indicated that despite personal friendship, his administration would prioritize economic interests. This represents the US first policy of America.</p>
<p style="text-align: justify;"><strong>India&#8217;s response</strong><br />India has given a restrained reaction to this issue. The Government of India also clarified that it will take necessary steps to protect its farmers, small businesses and MSMEs from any loss. On the matter, the government had said that India and America have been talking on a fair, balanced and mutually beneficial bilateral trade agreement for the last few months.</p>
<p style="text-align: justify;"><strong>Also read: Donald Trump Tariff On India: American business is due to the announcement of 25 percent tariff on India or just a irritant, know what is the whole matter?<br /></strong></p>
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		<title>What is reciprocal tariff which worldwide imposed by President Donald Trump</title>
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		<pubDate>Thu, 03 Apr 2025 11:07:36 +0000</pubDate>
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					<description><![CDATA[<p>On behalf of President Trump, more than 180 countries in the world including India were...</p>
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<p style="text-align: justify;">On behalf of President Trump, more than 180 countries in the world including India were imposed reciperoot tariffs. After this there has been a stir in the international market. Experts even believe that this tariff declaration of Trump will not only increase inflation, but will reduce production, trade war will sprinkle and even the US economy is being estimated till the slowdown of the recession.</p>
<p style="text-align: justify;">In the midst of all this, let us know that the 27 percent tariff that America has imposed on India is actually what happens. Tariff means a kind of tax that is imposed on any imported goods. </p>
<p style="text-align: justify;">The purpose of any country can be different for putting tariffs. One is that the tariff -imposing country wants to keep the price of that particular item imported so that it does not affect the domestic manufacturer. That is, he is to avoid competition and another objective is to earn revival by applying tariff. </p>
<p style="text-align: justify;">It can also be understood that if a tax of 50 percent is levied by India on any American goods, then in response to this, America can also impose tax on importing goods from India accordingly. That is, while doing this, not only the domestic market is given protection in a way, but the balance of business remains from it. </p>
<p style="text-align: justify;">However, Trump has used a recipe on countries around the world by imposing recipes and weapons, so that the US can put pressure against the product that is imposing more tax against the product.  </p>
<p style="text-align: justify;">However, less developed or other countries argue that there are developing countries, so they are charging more taxes. But Trump has not only tried to pressurize those countries by putting tariffs in a way, but it is believed that its widespread impact can also be seen in the global economy. </p>
<p style="text-align: justify;">Also read: Did Trump kill himself by increasing the tariff? Experts said- US economy hover</p>
</p></div>
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		<title>Donald Trump Reciprocal Tariff May Hurt American Economy Says Expert &#124; Did Trump increase the tariff and killed himself in his own leg? Expert said</title>
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		<pubDate>Thu, 03 Apr 2025 08:29:15 +0000</pubDate>
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					<description><![CDATA[<p>The counter tariff imposed by US President Donald Trump will damage the US economy and...</p>
<p>The post <a href="https://fastnewsglobe.com/donald-trump-reciprocal-tariff-may-hurt-american-economy-says-expert-did-trump-increase-the-tariff-and-killed-himself-in-his-own-leg-expert-said/">Donald Trump Reciprocal Tariff May Hurt American Economy Says Expert | Did Trump increase the tariff and killed himself in his own leg? Expert said</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;">The counter tariff imposed by US President Donald Trump will damage the US economy and it can also cause recession globally. This statement was made by economist Akash Jindal on Thursday. Talking to the news agency IANS, Jindal said that according to me it is a bad decision that due to which the pace of America&#8217;s economy will be slow and the consumers there will suffer more damage and this can affect global trade and can also cause recession globally.</p>
<p style="text-align: justify;">He further said that our government is solution oriented and takes a decision after seeing the situation. The central government also tried to negotiate with the US about tariffs, but the US was imposed a counter tariff. This decision can affect the exports from India to America. This will only cause damage in the short term. However, there will be no loss in the long period.</p>
<p style="text-align: justify;">Akash Jindal further said that the whole world respects Prime Minister Narendra Modi. Under his leadership, we can compromise with other big countries of the world in the coming time, which will open new avenues for the export of India. It is believed that the tariffs declared by Trump will bring a big change in the global trade and manufacturing value chain.</p>
<p style="text-align: justify;">The counter-tariffs imposed on many countries including India by President Donald Trump can see a short period of upheaval in the global markets. The most impact of this tariff will be on auto, steel and agriculture. However, no tariff has been imposed on pharma. On Wednesday, Trump has announced tariffs on India with 26 percent on India, 34 percent on China, 46 percent on Vietnam and 20 percent on European union.</p>
<p style="text-align: justify;">In fact, on Wednesday, Trump has announced to put reciperook tariffs on countries around the world. Let us know which countries have been imposed on-<br />34%on China, European Union: 20%, South Korea: 25%, India: 26%, Vietnam: 46%, Taiwan: 32%, Japan: 24%, Thailand: 36%, Switzerland: 31%, Indonesia: 32%, Malaysia: 24%, Cambodia: 49%, Cambodia: 49%, United Kingdom: 10%, South Africa: 30%, Brahmil: 10%, 10%, Bangladesh: 37%, Singapore: 10%. Israel: 17%. Philippines: 17%, Chile: 10%, Australia: 10%, Pakistan: 29%, Turkish: 10%, Sri Lanka: 44%, Colombia: 10%Tariff has been imposed</p>
<p style="text-align: justify;">Also read: narrowly survived! These sectors of India did not fall on tariff, take a look on the list</p>
</p></div>
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		<title>Indian Export Organizations Fieo Says Tariff will impact on domestic companies</title>
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					<description><![CDATA[<p>Fio, a federation of exporting organizations, said on Thursday that 26 percent of the US...</p>
<p>The post <a href="https://fastnewsglobe.com/indian-export-organizations-fieo-says-tariff-will-impact-on-domestic-companies/">Indian Export Organizations Fieo Says Tariff will impact on domestic companies</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;">Fio, a federation of exporting organizations, said on Thursday that 26 percent of the US fees imposed on India would undoubtedly affect domestic companies. Fio Director General and Chief Executive Officer (CEO) Ajay Sahai, however, also said that India is in better position than many other countries. He hoped that the proposed bilateral trade agreement (BTA) on which talks between the two countries are going on will soon be finalized. This can provide relief from these counter -charges.</p>
<p style="text-align: justify;">Sahai told the news agency PTI, &#8220;We have to assess the impact, but given the reply charges levied on other countries, we are among those who faced the lowest fee. We are in a much better position than our major competitors like Vietnam, China, Indonesia, Myanmar etc., we will definitely be influenced by fees, but we are in much better than many other countries.</p>
<p style="text-align: justify;">US President Donald Trump has announced a &#8216;concession counter duty&#8217; of 26 percent widely on India. Trump showed a chart while announcing the fee which showed the fees levied by countries like India, China, Britain and European Union.</p>
<p style="text-align: justify;">The chart indicates that India has imposed a fee of 52 percent &#8216;with&#8217; currency &#8216;tampering&#8217; and trade obstacles. America will now collect 26 permissions &#8216;concessional counter -duty&#8217; from India.</p>
<p style="text-align: justify;">The US President said, &#8220;India, very, is very strict. It is very strict. The Prime Minister (Narendra Modi) has just gone from here. He is my very good friend, but I said, &#8216;You are my friend, but you are not treating us right. They charge 52 percent fees from us &#8230; ”FY 2021-22 to 2023-24 America was India&#8217;s largest trading partner. America accounts for about 18 percent of India&#8217;s total goods exports, 6.22 percent in imports and 10.73 percent in bilateral trade.</p>
<p style="text-align: justify;">India&#8217;s trade surplus (difference between imports and exports) in terms of goods in 2023-24 with the US in 2023-24 is US $ 35.32 billion. It was US $ 27.7 billion in 2022-23, US $ 32.85 billion in 2021-22, US $ 22.73 billion in 2020-21 and US $ 17.26 billion in 2019-20.</p>
<p style="text-align: justify;">Also read: narrowly survived! These sectors of India did not fall on tariff, take a look on the list</p>
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<p>The post <a href="https://fastnewsglobe.com/indian-export-organizations-fieo-says-tariff-will-impact-on-domestic-companies/">Indian Export Organizations Fieo Says Tariff will impact on domestic companies</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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