What Is Tariff? Donald Trump targets India for tariffs
Trump announces reciprocal tariffs against India, China: US President Donald Trump addressed the US Congress. Trump addressed the US Congress for the first time after becoming the President for the second time. The whole world was watching his speech. Donald Trump made a big announcement about tariffs against India and gave a speech about the Russia- Ukraine war. He said that whoever charges tariffs from us, we will also charge tariffs. Along with this, he targeted Biden and raised the issue of terrorism and Pakistan.
Tariffs against India –
In his speech, Trump attacked India and China over tariffs. Whoever imposes tariffs on us, we will also impose tariffs on them. There will be no agreement on tariffs. If tariffs are increased, investment will increase. America has to get rich again from tariffs. India, China, and Korea are imposing more tariffs. India is charging tariffs on us from countries like Brazil. India has imposed 100 percent tariffs on us. Which is not right for America. Same tariffs.” Donald Trump has announced that reciprocal tariffs will be imposed on India from April 2. Donald Trump said in his speech that he is working continuously to end the Russia- Ukraine war.
America is Back –
In his speech, Trump said, ‘America is back. The real time has begun for America. The golden age has come. America is back to its old ways. It has returned with faith, hope, and confidence. No one can stop the American dream. It is time to dream big and make it happen. America’s true democracy will return. We won a landslide victory in the election. Improving the economy is our priority. We will work to reduce taxes in the country. We have to work together to make America great again. Now is the time to dream big.”
Biden is a bad president –
Donald Trump has lashed out at the former US President while addressing the US Congress. He said, “Biden is the worst president in the history of America. The number of immigrants increased during Biden’s tenure. We have stopped legal immigration. No other government has done what we have done in 43 days. After coming to power, it has signed many laws. It has made more than 400 decisions in 4 weeks.”
What is a tariff?
In short, a tariff is a type of tax. Tariffs are imposed on imported and exported goods and services. Its main purpose is to control the country’s financial system. To protect domestic products, maintain revenue collection and balance in trade. The government of every country takes this step regarding its products.
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