What is Trump's new weapons tariff?

Trending Trump’s Nyahatiyar Tarifakya? Trump became aggressive about the tariff after becoming president, he set heavy rates on China, Canada and Mexico. Rate is a type of tax imposed on imported goods in a country, it is also called import tax. Simply put, tariff is a tax imposed on goods from any country that the government gets as income. For example, a foreign company sells cars in India and India places 25% rates on it. It increases the price of the car and helps domestic companies in competition. The US trade deficit was $ 670 billion in 2023, most damage from China, Mexico and Canada. India trades more than 17% of the US. If Trump increases the tariff on India, Indian products will become expensive in the US and their demand could fall. India has historically imposed more rates on US goods. It was 125% in 1990-91, which is now an average of 10.65%. Trump has announced that the US will also impose as many rates on the goods of those countries as they place on American products. For example, if India places 20% tariff on US goods, America will also impose 20% tariff on Indian goods. India has recently lowered rates on luxury cars and electric vehicles, which can alleviate businesses such as Tesla. Now the government of India has reduced the rates on foreign cars to 70%, which increased the chances that Tesla would come. Tesla’s entry in India has been stuck for a long time, the company wanted India to lower rates on its cars. Click here Life & Style Click for more stories Click here