Donald Trump's decision..!! Double jackpot for India..!!

Donald trump has made an important post on social media as he is about to be sworn in as the President of the united states for the second time on january 20. With this single post, india has hit a double jackpot. How..? As soon as donald trump came to power, he announced that an additional 25 percent tax would be imposed on goods imported into the united states from mexico and Canada, and an additional 10 percent tax would be imposed on china and Chinese goods in addition to the 25 percent tax. He said that this additional 10 percent tax will continue until the Chinese government stops smuggling synthetic opioid fentanyl into the United States. Trump's calculation is that by using this tax announcement, manufacturing projects, and manufacturing jobs that donald trump left the country will return to the united states, thereby completely reducing the employment problem in the united states and returning the country's economy to growth path. However, setting up a manufacturing factory in the united states and producing goods profitably and at a budget price is not an easy task. As a result, 90 out of 100 companies will look for alternative production bases beyond china, mexico, and Canada.
In this way, the China+1 policy will be greatly strengthened by the trump tax. If there is one country that has benefited the most from the China+1 policy so far, it is India. Through this, American companies in china, mexico, and Canada, as well as companies from other countries that export to the united states, will try to shift their factories to India.The same situation occurred during the US-China trade war during Trump's first administration. Now, this is going to happen again, the first jackpot. The second jackpot is that donald trump had said during his election campaign that india was abusing its privileges and doing business in the united states by violating the rules. Not only this, he also strictly stated that india would also be included in the tariff list if he came to power.

In this situation, the second jackpot is that india is not included in the first signing of Donald Trump's tariff plan. Through this, foreign companies are going to come to india in the second round.
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Sowmiya Sriram

26/11/2024 05:03 PM