00:00Donald Trump's news about increasing tariffs after his victory in the US has increased.
00:09It is believed that Donald Trump can increase tariffs on countries like China, Canada and Mexico.
00:16Meanwhile, the Global Investment Bank Morgan Stanley reported that
00:20increasing tariffs on Donald Trump's side will have less impact on Asia, India and Japan.
00:26The brokerage firm hopes that increasing tariffs will have less impact on them due to the mixed policy of these two countries.
00:33And their policies will continue as before.
00:36So let's tell you in this video that what will be the impact of Trump's decision to increase tariffs on India.
00:42The Global Investment Bank Morgan Stanley team has said that
00:45the US tariff was not imposed on 70% of Japan's products.
00:49Because it was not easy to impose tariffs on those products.
00:52In this regard, it is estimated that Japan will have to bear less US tariffs than India.
00:59During the US presidential election, Donald Trump said that India imposes the highest tariffs.
01:05According to the data of the World Trade Organization,
01:09India's tariff rate increased to 9.5% on US imports in 2022.
01:14In September 2023, India imposed tariffs on important American products such as apples and other agricultural commodities.
01:22According to the report of the brokerage firm, if India imposes a 10% tariff on goods imported from the US,
01:29it can cause a drop of 30 basis points in India's economic growth.
01:34During the presidential election, Trump repeatedly talked about increasing taxes on goods imported from the US.
01:43In which he mentioned increasing taxes on goods imported from Canada, Mexico and China.
01:49According to media reports, America will impose a 25% tariff on Canada and Mexico and a 15% tariff on China.
01:57While China has already imposed a 15% tariff on the US.
02:01In this case, China will have to pay 30% tax to sell goods made in its country to the US.
02:08While some experts say that China is committed to increasing incentive measures to speed up development from the end of September.
02:15Now, next year, there will be pressure to increase domestic demand to fill the gap in exports.
02:22Export has been a major factor in China's economic growth this year.
02:26And it has also been estimated in the survey that by imposing new import fees from the US,
02:32China's economic growth rate will drop by approximately 0.5% to 1% in 2025.
02:39India will play an important role in all this.
02:42India is one of the largest markets in the world.
02:45And there will be pressure on China to improve its business relations with India.
02:50China has taken many important steps to resolve the China-India border dispute.
03:00Now, China has also begun to improve relations with European countries.
03:04So, what is your opinion on this news?
03:06Let us know in the comment box.
03:08And keep watching Good Returns for such updates.
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