Trump has announced reciprocal tariffs. It is 26% for India. It is 54% (34% + earlier 20%) for China, 46% for Vietnam and so on.
No country charges the tariff Trump has mentioned. Trump administration has gone mad. They have simply calculated the trade deficit they have with each country and just divided it by that country's exports. They call this number as tariff and charge 50% of it as reciprocal tariff. This is nothing short of insanity.
This is very bad for global trade. This would be more destructive for US than any other country. Expect and be ready for tough times.
Commentators call this as worse than worst case scenario envisaged.
@SriniMaama16 Maams, Stadium poravangaluku cricket theriyuma theriyatha....
After 4 wickets down chumma we want dhoni nu kathitu irukainga...
Really disappointed with the chennai crowd.