America has imposed a heavy tariff of 50% on india, which has caused huge losses to indian exporters. According to the report, this decision was not a part of any normal trade policy but is the result of President Donald Trump's personal anger.
A report by American multinational investment bank and financial services company Jefferies has claimed that trump wanted to mediate in the India-Pakistan conflict in May. However, india made it clear that it would not accept any third party intervention. This refusal angered trump and he decided to impose heavy tariffs on India.
Trump wants Nobel Prize!
Trump has claimed many times that he has ended many conflicts in the world. Even the white house had given a statement that trump should get the Nobel Peace Prize. On the matter, in July, press secretary Caroline Levitt had said that now the time has come to give President trump the Nobel Peace Prize. At the same time, trump even wrote on Truth Social that he can find a thousand-year-old solution to the kashmir issue. However, India's refusal dealt a blow to this ambition.
The report said that America wanted india to open its agricultural sector for imports. india refused to do so to protect the interests of farmers. About 25 crore farmers and laborers in india depend on agriculture for their livelihood as 40% of the total workforce is engaged in agriculture. Due to this, US Finance minister Scott Besant had even called india a bit stubborn.
India's reaction to Trump's tariff
India said that this move of America is unfair and unreasonable. india warned that such an attitude could bring it closer to China. Especially because india and china are going to start direct flights after five years from September.
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