Apr 09, 2025
Tariffs are tax on goods from other countries. Importing companies pay a percentage of the goods' value to the government.Trump announced 10% “baseline” tariffs to the US imports.
Source: instagram
60 countries are on the list with higher rates of up to 50%, including Cambodia, Vietnam, Malaysia and Bangladesh. Countries in the European Union face a 20% tariff.
Source: reuters
Trump has continuously argued that the taxes can boost the US economy and believes that it will encourage US consumers to buy more American goods.
Source: canva
The Economist says companies may raise prices for customers or cut imports, leading to fewer products and even higher prices.
Source: reuters
The step created a chaos, Global Stock Market fell and series of world leaders condemned the measures
Source: reuters
Trump’s tariff policies have impacted India’s economy, affecting the rupee, trade balance, forex reserves, and key industries.
Source: express-photo
Royal Enfield Classic 650 — On-road prices