India's name is not mentioned in the first list of countries to be taxed released by US President Donald Trump. trump has imposed this tax on the basis of the trade deficit. He imposed 25 percent taxes on mexico and canada and 10 percent taxes on China. china, mexico, and canada top the US trade deficit, with china contributing a maximum of 30.2 percent, mexico 19 percent, and canada 14 percent of the tax deficit. india has only 3.2 percent of the total trade deficit of the US. india is ninth in the US trade deficit. Due to this, india is not on the first list of countries on which the US has imposed additional taxes.
Warning: US President donald trump has issued a dire warning to BRICS countries including India. The US has warned BRICS countries including india that if they want to exit the dollar trade, they will impose a 100% tax if they reduce dollar trade. Going beyond dollar trade, it is said that trump will also try to impose an additional 20% tax on some countries including india, citing India's tax system. The 20% tax he is already imposing on canada and mexico will come into effect on february 1. He will also announce the tax on china next week. It is expected that he will announce the tax on india after that.India master Plan:
To deal with this, india has decided to take the following steps.
1. It is being discussed to reduce the tax on American goods.
2. india has decided to import more goods from the United States.
3. It is said that india may consider buying more goods from the US in sectors including soybeans, milk, vehicles, medical devices and aircraft, electronics, high-tech machinery, and textiles.
4. It is also said that india will purchase more chemicals from the US.
5. It is also said that india will reaffirm that it will not switch from dollar trade. india has already informed the BRICS countries that it wants to trade in dollars.. and that it does not support bringing a BRICS currency. india is said to have conveyed this information to the BRICS countries in unofficial consultations.
6. This decision of india has turned out to be in favor of the US. This decision of india is a shock to countries like russia and china, which oppose dollar trade. However, the US has continued to warn the BRICS countries. india may once again express its views to appease the US.
7. india has planned to deport indians living illegally in the US. About 18 thousand people may be brought to india in the first phase. It is said that india may take this decision to prevent US tax imposition.
8. india will hold talks with the US. It is said that there is a plan to bring in tax regulations that are suitable for both sides by talking equally.
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