US President Donald Trump, while addressing the joint session of Parliament, announced that the reciperook tariff will be imposed from April 2. In such a situation, the first question arises that what is this reciperook tariff and what will have some effect in India and the whole world with its implementation. Actually, tariff is a kind of tax that is imposed by a country when they buy goods from another country. That is, this tax is levied above importing.
This is called Protectionist Policy. By applying it, it happens that the country from which we take the goods becomes expensive. These steps are taken to conserve local products and industries.
Now the question comes about the recipe, which has been spoken by US President Donald Trump. The recipe is the tariff that we put on the country and apply it with the same matching that the country has put a tariff on us. Suppose there are two countries- A and B. If the country A has imposed 10% tariff on B country B on B, then the country also imposes 10% tariff on imports in response to this. This is called reciperoching tax.
Reciperochl tariff story
Actually, now the question arises that where does this tariff finally come from. There is an old way to tariff. Now it is said that from when it started to be installed. After the second world war, people in Germany started eating a lot of chicken, especially American chicken. Due to this, the sale of chicken of farmers of United States started getting very much. His chicken began to be sold around $ 50 million. & Nbsp;
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As a result of this, it started affecting European farmers. The union that we know today, the European Union, the organization at that time said that we put tariffs on the chicken and they put tariffs. After this, the chicken that was $ 1.60 became $ 2.25. This has reduced imports.
attempt to discourage imports
When imports were reduced, as Donald Trump is talking today that American economy is getting affected, & nbsp; Make America is giving a slogan of Great Again (Maga). At that time, American leaders thought that Germany is a big market for their chicken sale, so how should we stop German, so that their brain can be changed.
After this, he put 25% of tariffs on trucks, like German Vax is wagon and this method worked. After this the sale of their trucks decreased in America.
Its effect was that the people of Germany had to spend more money for chicken. Secondly, it happened to the people of America that they have reduced the options of trucks. That is, tariffs are imposed to affect consumers. This step is taken in the protection of some certain industry. Or it is done to change the behavior of the front country.
The way Trump is talking about imposing recipes here, its purpose is clearly visible that this is his effort to change the behavior of the country in front of the country.
If you remember, after applying the tariff in 2018, Trump said that I consider it as an Economic Nationalism. Obviously, if there is a tariff in such a situation, then the prices of imports will increase. Trade war will start in the world and a huge call can come after the recession. Because when a country imposes tariffs, then the front country will also put up. In India, the price of rupee is increasing continuously. In this, things of imported goods are becoming expensive. Prices will increase. Production will fall. In this way it will have a wide impact on the whole world.
[नोट- उपरोक्त दिए गए विचार लेखक के व्यक्तिगत विचार हैं. यह ज़रूरी नहीं है कि एबीपी न्यूज़ ग्रुप इससे सहमत हो. इस लेख से जुड़े सभी दावे या आपत्ति के लिए सिर्फ लेखक ही ज़िम्मेदार है.]& nbsp;