US President Donald Trump imposed a 50% tariff on India. This rate will have the biggest impact on the state of Tamil Nadu. Head of State Mk Stalin posted this information by posting on X on Saturday. He expressed concern about the 50% rates imposed by the US on India. He said that compared to other states, this rate Tamil Nadu will affect the most, as it exports most in the US market. The chief minister of Tamil Nadu, MK Stalin, posted on X, saying that the US tariff had risen from 25% to 50%. This tariff most affects the Tamil Nadu economy. Millions work in cloth, leather, car, machinery and other fields are at risk due to US rates. He requested Prime Minister Narendra Modi to take the necessary steps to deal with this crisis. He said 31 percent of $ 52.1 billion exports are going to the US. Chief Minister MK Stalin said 31 percent of Tamil Nadu’s 52.1bn exports go to the US, which is much more than 20 percent of India’s total exports. The economy of Tamil Nadu depends on labor-dominated areas such as textile, clothing, machinery, auto parts, leather, marine products and chemicals. The risk exists that large scale has been cut off due to increasing rates in these areas. The textile industry in particular contributes 28 percent to the export of India. If the tariff increases, there may be a major crisis about employment and work in the state. The Center’s relief package has demanded a comprehensive relief package of the center, which includes a comprehensive relief package of the center, which includes the inverted fee structure in the price chain of man-made fibers, exemption in import tax on all types of cotton, collateral free loan under the relief guarantee scheme and concession period. The profit of the road scheme should be increased by up to 5 percent, the chief minister further said that the profit of the road scheme should increase by 5 percent. He also called on the central government to give precedence to measures such as tax exemption and loan on Brazilian lines. He said the central government should find a solution to this rate. If the central government does not act on this soon, the state of the state could worsen. Share this story -tags
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