US President Donald Trump.Image Credit Source: PTI
US President Donald Trump is not cheating his loved ones anywhere. Yes, such questions are arising, why their decisions can cause a big loss to their people. According to an analysis report, a large group of American employees will have to lose $ 82.3 billion directly from the customs decisions of President Donald Trump. Let us also tell you where this report has come from and what kind of story this study is telling about the tariff of US President Trump.
Which companies made on which companies
According to this analysis of JP Morgan Chase Institute, efforts will be made to compensate this heavy burden on companies, probably an increase in prices through increase, trimming or low profit margin. In this analysis, the direct impact of import tax on companies ranging from one billion dollars to one billion dollars has been assessed. About one-third of private sector employees are deployed within the US in these companies. These American companies are more dependent on imports from China, India and Thailand. In such a situation, retail and wholesale areas will be affected especially due to increase in customs duty. The conclusions of this analysis refute the claim of the US President that foreign manufacturers will bear the cost of the cost of the fee.
Tariff will start again from July 9
However, the high fee levied during Trump's tenure has not yet seen an increase in overall inflation. The reason for this is that big companies like Amazon and Walmart had deposited a big stock before the implementation of taxes. The high fee levied on many countries including India is to be effective from July 9. If we look at the loss of $ 82.3 billion to US employers from these fees, then that will be an average of $ 2,080 per employee $ 2,1 percent of the average annual salary. Analysis also shows that some domestic manufacturers can strengthen their role as suppliers due to the fee, but wholesale and retailers may need to put their fee costs on consumers.
Source: www.tv9hindi.com
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