Trump has an atmosphere of nervousness worldwide due to tariff attack, what will be the effect on India? Business of billions of dollars is at stake

Impact of US Trump Tariff on India: Tonight is very important for economy and market around the world because from tomorrow the tariffs installed by Trump across the world will be implemented. It will be interesting to see what the tariff rate is for different countries. On some countries and some products, Trump had fixed the tariff rates, but still the tariff rate is not fixed on many products in many countries. That is, on Wednesday, it will be known which country is going to get a shock. However, it can be announced in the middle of the night today.

The atmosphere of nervousness worldwide

Due to Trump’s decision of tariff, there is a constant panic in markets around the world and there is a decline. Today, Indian markets also declined by about 2 percent. It is believed that the effect of increasing tax on Trump’s Indian product will be seen from tomorrow. However, it is not yet decided which product of India is going to be taxed.

Difficulties may increase for India

Indo-US currently has a turnover of more than $ 130 billion. About 30 sectors are traded between the two countries. Which includes agriculture to pharma, gems-jewelery, textiles, automobiles. America can impose different tariffs on different products. Although this tax recipe is found, it can increase difficult for India. In such a situation, the tax on Indian products to be exported in America will be very high.

There was a possibility of recession in America

By the way, Trump’s tariff action is an atmosphere of fear worldwide. But Trump himself has become Bhasmasura for America. It is believed that Trump’s decisions can cause a slowdown in America. America’s famous brokerage firm, research agency Goldman Sachs, has increased the possibility of recession in the US next year. Goldman Sachs has increased the possibility of recession in the US from 20% to 35% next year. In such a situation, if there is a slowdown in America, then the whole world including India will be affected.