With imagining Trump tariffs will be more damaged to India’s neighboring countries, financial crisis

The US President appointed tariffs at many countries. The highest land was like Cambodia, on which the United States appointed heavy tariffs of 49 per cent. In addition, there are many countries at which heavy tariffs have been installed. They include three neighbors who are challenging India. Trump administration has huge tariffs on China, Pakistan and Bangladesh. In addition, he has assured India by saying that he has given relief by just 26 per cent tariff on India. Well, India is fine but Pakistan and Bangladesh have increased concern because the economy of these two countries is in a bad economy. On the other hand, China is already opposed this American tariff.

How much tariff at Pakistan and Bangladesh was appointed?

In response to Pakistan’s 58 per cent tariff, the United States has imposed 29 per cent tariff. Similarly, Bangladesh also posses 74 per cent duty on American products and has been asked to pay 37 per cent tariff. In addition, Trump has announced to set up 44 per cent tariff on Sri Lanka. Sri Lanka also installs 88 per cent tariff on American products. The special thing is that the US government was the top of China in the list of tariffs for tariffs. India’s name was sixth in this tariff list.

Tariff is only 3% higher than India, but it can prove fatal for Pakistan’s economy. Because, the country is already going through cash and economic crisis. Pakistan’s textile industry exports the United States heavy amounts. At the same time, the US tariff is a major blow for the radimed garment industry, which is considered a bone of the spine of the Bangladesh economy. Bangladesh export the US to about 6 billion every year. Trade deficit with the implementation of the new tariffs will increase, employment will be affected and less than a foreign exchange reservoir.