TRADE WAR WITH USA
SANDEEP YADAV AGE- 23 B.Com from MSU Vadodara Appeared for UPSC Pre. Tw Cleared UPSC CDS written exam thrice a Education is for all, everyone should have access to it a Any doubt/query- ask in the comment section below
BACKGROUND a a tax or duty to be paid on a particular class of imports or exports. USA imposed Tariff on Steel & Aluminium-25% & 10% India imposed tariff on 30 items in effect from USA imports steel items worth $795 million & $ 424 million aluminium items- will earn $240 million from tariff India will impose tariff of the same amount i.e, $ 240 million a Items- Bikes of more than 800 cc, apple, almonds,etc.
INDIA-US RELATIONS 1974 sanctions 1998 sanctions Sanctions for purchasing defence equipments from Russia a Sanctions on Iran affecting India's Chabahar project & India's reach to West Asian countries US-China tug of war
WAY FORWARD a 2 2 meeting b/w India & USA 5 billion & more oil worth $4 billion from USA India to purchase 12 more naval surveillance aircraft o India to purchase 1000 commercial planes of worth % from US India should maintain good relations with other countries also USA should maintain cordial relations with India o Trump should understand tariffs will ultimately affect USA only
Done B. Com from MSU vadodara Appeared for UPSC pre. twice Cleared UPSC CDS written exam thrice