Categorised System of Tariffs

Trade War is going on between the USA and China. It leads price hikes and recession in global markets and companies. Sensex and all Indexes decline fast in Australia, India, UK and other countries. Authorities are making a plan to reduce the taxes categorically within 5 years from 145% to 35% in the USA on Chinese Goods. It may be a little bit Back 🔙 Foot 🦶 Process of President Trump, but it is necessary to mend the Economy. The perilous or lethal Chinese Products might be taxed with 145%, but the taxes on the Consumer Goods might be slowed down to 35% in a systematic plan. In first step, they may reduce tarrifs up to 50% or 65%. In retaliation, China has already imposed more than 125% tarrifs on American Goods creating tension in global markets. As Chinna is a dominating global trader of electronic products. #trade war #Tariffs