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00:00Finally, US President Donald Trump has announced a reciprocal tariff on all countries in the world.
00:08The Trump administration has imposed a 26% tariff on goods imported from India, which is half of the 52% tariff imposed on goods imported from America by India.
00:20President Trump said that it was difficult to impose a reciprocal tariff on India.
00:26Prime Minister Narendra Modi recently came here. He is a good friend of mine.
00:31He takes 52% tax from us and we take almost nothing from him.
00:35The United States has decided to impose a 26% tariff on India.
00:40Along with India, the United States has also imposed a reciprocal tariff on more than 60 other countries in the world.
00:46The United States has imposed a 24% tariff on China, 46% tariff on Vietnam, 32% tariff on Taiwan, 25% tariff on South Korea, 20% tariff on the European Union, 24% tariff on Japan, 49% tariff on Cambodia, 37% tariff on Bangladesh, 29% tariff on Pakistan and 44% reciprocal tariff on Sri Lanka.
01:08After the announcement of a reciprocal tariff on behalf of the Trump administration, there was a stir in the world's stock markets, including India, and there was a big drop in most markets.
01:18It would be too early to say anything about the impact of the reciprocal tariff on India and America.
01:25According to former Prime Minister Pankaj Chaudhary in the Central Government, it will be reviewed and then a decision will be taken.
01:33The United States is the first country in the world to impose a tariff on India.
01:38India is the first country to impose a tariff on Modi.
01:41We will discuss the impact of the tariff on India.
01:45We will discuss the impact of the tariff on India.
01:49According to market experts, we will have to look at the industry and sector-wide impact of the American tariff.
01:55It is not necessary that every sector has a loss.
01:58There will also be an advantage of increasing competition in the Western market.
02:01In addition, if this slows down the economy of America, it can have an impact on the entire world.
02:08This tariff, the reciprocal tariff on the whole world, was being discussed and it was going to be imposed in April.
02:14So yesterday, all these suspensions ended and their final list came.
02:20We have 26% on us.
02:23However, there is also one thing that there is no impact on the list of every industry.
02:31There will be a positive impact on any industry.
02:33There will also be a negative impact.
02:34Why?
02:35Because in other countries, where some things are exported more, if there is a higher duty on them, then we become competitive.
02:43So after doing this detailed study, we will find out a little bit.
02:48If this tariff slows down the American economy, American consumption will go down, then its impact can come to the whole world.
02:56That is a higher fear than this sheer number of tariffs imposed on us.
03:01According to me, this is not a good decision.
03:03First of all, inflation will increase in the US.
03:06GDP growth will go down in the US.
03:08US slowdown will increase in the US.
03:11There is some trouble for India.
03:13The things we export will have some shortcomings.
03:16Some GDP growth can also be less.
03:19But overall, this reciprocal tariff imposed by the US will harm the US economy.
03:26Will harm global trade.
03:28And will lead the world to recession.
03:31And it is possible that this will start a global trade war.
03:35The economists of the country have shown confidence that under the leadership of Prime Minister Narendra Modi, the Indian government will definitely find a solution to this.
03:43And in the coming days, it will not affect India's exports much.
03:47Modi's government tried its best to take things to solutions through dialogue.
03:55But still tariffs have been imposed, which is unfortunate.
03:59But due to Modi's respect in the global economy, I think India will have more trade tie-ups.
04:08Due to which India will continue its exports.
04:12The US President Donald Trump has caused a stir all over the world by imposing reciprocal tariffs on trading partners.
04:20Now only the future will tell whether Trump's decision will prove beneficial for the US or will prove suicidal for it.