Hey there! Did you hear about India and the United States arguing over cars? 🚗 Let’s break it down!
The United States has decided to charge extra money, called tariffs, on cars and car parts that come from other countries, including India. They are charging 25% more! That’s a lot! 😮
India isn’t too happy about this. Imagine if you sold cookies at school, and someone said they would charge people extra money to buy your cookies. Not fair, right?
So, India is saying that they might charge extra money on things that come from the United States into India. This is called retaliatory duties, which means they’re trying to make things equal again.
India says that these U.S. tariffs could hurt $2.89 billion worth of their exports. That’s like having a huge mountain of toys that nobody can buy because they’re too expensive! 🧸🚫
India hasn’t said exactly what things they might charge extra for, but they want to collect the same amount of money from U.S. products as they would lose from these car tariffs.
The U.S. and India are trying to make trade deals that are good for both countries. But India says they won’t rush into any deals just because of a deadline. They want to make sure it’s the best choice for their country.
Did you know that the U.S. and India trade a lot? Last year, they traded about $129 billion worth of goods! That’s like buying millions of ice creams! 🍦
Trade can be complicated, but it’s important for countries to work together and be fair. Let’s hope they can sort it out! 🤝
Reference(s):
India proposes retaliatory duties at WTO over U.S. auto tariffs
cgtn.com
