Trump Threatens 10% Extra Tariff on India, Here’s Why!

The President of United States, Donald Trump has been taking very problematic decisions with regard to the taxation policies and tariffs and he is back at it again now. 

On India, in respect of tariffs, US President Donald Trump says, “They will certainly have to pay 10% if they are in BRICS because BRICS was set up to hurt us, to degenerate our dollar. The Dollar is king. These anti American countries will have to pay the consequences for their earlier actions. 

We are going to keep it that way. If people want to challenge it, they can. But they will have to pay a big price. I don’t think any of them are going to pay that price.”

This taxation policy taken up by Trump has drawn severe criticism and other countries have started to react to the same now. 

BRICS nations brushed aside the accusation from President Trump that they are ‘anti-American,’ with Brazil’s President Luiz Inácio Lula da Silva saying that the world does not need an emperor after the US leader threatened additional tariffs on the bloc.