Trade deal
After assuming power, US President Donald Trump gave the countries around the world in tariffs. After that, he again put a pose on the tariff and fixed the deadline till 9 July. Meanwhile, there has been a trade deal between America and Vietnam. How can that deal affect the deal between India and America. Which sector of India can suffer more damage, let us understand.
US President Donald Trump himself gave information about the deal between the US and Vietnam. He informed on social media that the US has imposed a tariff of 20 percent on the products coming from Vietnam and has imposed a tax of 40 percent on transmission. Let us know how it will affect India.
Impact on India
Trade expert believes that India needs to be cautious with this deal. Because Vietnam exports a lot of quantity to America and by putting a tariff of 20 percent on it, America will expect something similar from India. Both India and Vietnam are big exporters in the textile sector. America will talk about taxing on India's textile exports by resorting to Vietnam. Along with this, the biggest throw is implicated on taxing on transmission. 40 percent tax means that products going to America via Vietnam will also be taxed. If this tax is imposed on India, then the country will suffer a strong loss.
Which sector will affect more?
In view of the deal between India and America, experts are considering this deal as very important in terms of India. Because America can pressurize India to impose arbitrary tax under the guise of Vietnam. Especially there is a possibility of more damage by taxing tax on transmission. Because if the US government imposes transmission tax on India, then it can have a direct impact on pharmaceutical and electronics exports. Because they have more share of products to be imported.
Source: www.tv9hindi.com
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