00:00In America, Donald Trump, along with taking the oath of presidency, started targeting China and the US-China trade war began with it.
00:15On the one hand, where America set a 10% tariff on China on February 1 at the beginning of this month, China has also announced a 10-15% tariff on America.
00:27Now the question is, what will be the impact of this tariff on India?
00:31So let's find out whether the trade deal will be beneficial for the country or it will have to suffer losses somewhere.
00:38First of all, let's talk about the US-China trade war.
00:41America's Trump has set a 10% tariff on Chinese products from the government.
00:46The White House has claimed that 10% tariff has been imposed on all imports from China except the current tariff.
00:55After this, China has also retaliated.
00:58China has announced a 10% tariff on America's coal liquefied gas export, while 10% tariff on oil and agricultural equipment exports.
01:09During Donald Trump's first term, a high tariff was imposed on Chinese goods.
01:14Now, after the start of the new trade war, experts believe that this will prove to be a profitable deal for India.
01:22And there could be a sharp increase in goods exported from India.
01:27India's shipment to the American markets could increase.
01:30Let's take a look at the possible benefits for India.
01:34First, reports say that this step by America is going to boost Indian exports.
01:40This is because after tariffing on each other's goods from both countries, they will become expensive.
01:47And after this, India will have a better chance to export its goods in both markets.
01:54This could be a strong benefit for companies related to textiles, garments, electronics and consumer products.
02:02Apart from this, companies related to pharma, auto components, machinery and chemicals can also benefit.
02:09Second, India can benefit from the FDI meeting.
02:11With the increase in exports, there is hope for FDI, i.e. foreign investors, to increase in India.
02:17Because of the strength of America's China, many big companies can consider removing their product centers from China.
02:25And because India has a large market with a low labor charge, it can attract the country here.
02:32According to reports, during Donald Trump's first term, when the US-China trade war broke out,
02:37India's exports increased to $72.73 billion.
02:43And between the two, $82.52 billion was traded.
02:48Of this, $52.89 billion was exported and $29.63 billion was imported.
02:54In recent days, Donald Trump has threatened tariffs on BRICS countries and also carried out operations on China.
03:00On the other hand, Finance Minister Nirmala Sitharaman has clearly said that there is no such trade between India and America.
03:09If America takes a step towards tariffs on India, then we will see what we can do.
03:15We are fully prepared.
03:17What is your opinion on this news?
03:19Give us your opinion in the comment box and keep watching Good Returns for such updates.
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03:30Good bye.
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