Trump (R) Signed an Executive Order Wednesday, to Place an additional 25% Tariff on India, for its Purchases of Russian Oil, bringing the Combined Tariffs imposed by the U.S. on India to 50%.
The Tariffs would go into effect 21 days after the Signing of the Order, meaning that both India and Russia might have time to Negotiate with the Administration on the Import Taxes.
Trump’s move could Re-Shape India’s Economic Ambitions. Many American companies have seen India, as an Alternative to the Chinese Manufacturing that Trump had hoped to Diminish through the use of Tariffs.
Even though China also buys Oil from Russia, Beijing was Not subject to the additional Tariffs in the Order.
The U.S. and China are currently in Negotiations on Trade, with Washington imposing a 30% Tariff on Chinese Goods and facing a 10% Retaliatory Tax from Beijing on American
NYC Wins When Everyone Can Vote! Michael H. Drucker
No comments:
Post a Comment