Donald Tariff: Trump says tariffs are to make America wealthy again

US President Donald Trump has once again imposed additional tariffs on many countries. Tariffs have been increased significantly. India is also prominent in this list. A 26 percent tariff has been imposed on India.
The executive order was signed
a while ago. Trump has imposed a heavy tax on automotive vehicles. The tariff has been increased to 25 percent. The executive order related to this was signed on the 31st of last month. This seems to have affected all countries, including India, that are exporting automotive vehicles to the US. This tariff came into effect from the 2nd of this month.

The 104 percent tariff on China
did not stop there. Now a new tariff of up to 26 percent has been imposed on India. This tax will be applicable on every item imported from India to the United States. This means that an additional amount of 26 percent will have to be paid on top of the existing tariff. The explanation is that the tariff is being imposed as part of the Make America Wealthy Again concept. Now the latest104 against ChinaThe imposition of a percentage tariff has become a priority. An additional 35 percent tariff has been imposed on goods imported from the United States. In this context, the United States had to impose this new 104 percent tariff. Donald Trump has imposed additional tariffs on more than 100 countries around the world, including India. Trump participated in the National Republican Congressional Committee Dinner. He spoke on this occasion.

READ ALSO: Donald Trump Tariffs: US-China trade deal good for India – Raghuram