Trump की धमकी के आगे Bharat का बड़ा कदम! #trump #india #tariffs #tradewar #trumptariffs #donaldtrump #currentaffairs #thestudyias #manikantsir
India and the United States have reached a critical juncture in their trade relations. The Indian government is now preparing to remove its ‘Equalization Levy’ or Google Tax, imposed on foreign digital companies in 2016. This move comes at a time when the US is threatening India with new tariffs. 🇮🇳🇺🇸
Key Points:
✅ Tariff Threats:
The Trump administration is considering imposing tariffs on shrimp, basmati rice, and engineering goods, which could impact ₹42,000 crore worth of exports.
✅ Dependence on Expensive Oil:
Due to US sanctions on Venezuelan crude oil, India may have to rely on more expensive oil from the Middle East.
✅ Economic Impact:
The removal of the Equalization Levy could lead to an annual revenue loss of ₹8,000 crore, affecting not only the trade deficit but also farmers and the tech industry.
Big Questions:
👉 Is India removing the digital tax to safeguard its trade relations with the US?
👉 Or is this a strategic move to protect Indian exports?
In this video, we analyze the reasons behind these developments and their potential consequences. We’d love to hear your thoughts: Do you think this is the right move? Share your views in the comments! 💬✨
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