[ad_1] New Delhi: US President Donald Trump's 'Tariff War' is scheduled to begin on April 2. There is concern around the world about this. The world's trade system may be affected after the tariff is implemented. Meanwhile, Doglas Irwin, Professor and writer of Economics of Dartmouth College, told what will affect India with the implementation of the tariff. he/she also talked about its impact on India and its economy.'Trump's step may be upside down'Talking to a private news channel, Irwin said that it is very complex. This will be a major change in the World Trade Organization with the trade status of 'Most Paid Nation'. This means that now the rules of trade between countries will change. Economist Irwin agrees that this step of Trump may be reversed. It will harm American customers. Prices of things will increase.'Prices will increase for American customers'Irwin said that according to Trump, other countries are taking advantage of America. However, most economists do not agree. Trump is focusing on trade deficit. he/she says that the US buys more goods from many countries and sells less. But just because America imports more, it does not mean that it is being taken advantage of. Putting tariffs will increase prices for American customers. Instead of harming other countries to reduce trade deficit, it will harm America.'US economy can go towards recession'Irwin also talked about the impact of Trump's announcements on markets around the world. People are afraid that the American economy may go towards recession. he/she said that there are already reports in the US that the tariff will be reduced considerably than the initially. Perhaps only certain countries and certain products will be targeted. Talking about Treasury Secretary 'Dirty 15'. These are the 15 countries with which America's largest trade deficit and India is also one of them. These countries will be targeted. After the tariff is implemented on April 2, we will get better information.What will be the effect on India?Irwin also said that he/she would be optimistic about a possible opportunity for India. India can benefit from tariffs on Canada, China and Mexico. There is a landscape where America focuses on other countries. he/she said that due to good relations between Prime Minister Narendra Modi and Trump, the US President can adopt a more liberal approach towards India. But the threat to India will be that if the business surplus with America increases, then its Trump's target The possibility of coming will increase. Therefore, India will have to be careful about this.Let us know that US President Trump has said to impose fees on both the associate countries and competitors. In the joint session of the Congress, he/she said that other countries impose a lot of tariffs on America, while America imposes them less. This is very wrong. The tariff they will put on us, we will also put the same tariff on them. I wanted to do it from 1 April, but I did not want to call April Fool. The Trump administration has raised 25% on imports from Canada and Mexico and 20% on Chinese goods. [ad_2]
