The law signed by Trump provides for the introduction of duties to a level of 25% to goods imported from Mexico and Canada and 10% from China.
The US dollar in Indian Rupia on Monday in the first time in history exceeds 87 Rupees for $ 1 against the back of Asian currency and sharing after President Donald Trump introduced duties to – import with respect to Canada, Mexico and China. Trading economics reported it.
So, now the dollar was exchanged for 87.14 Rupees compared to 86.7 Rupees on Friday, at the same time at the session the rate reached the historic maximum – 87.23 Rupees.
The order of new duties entering February 4 was signed by Trump on Saturday. It provides for the introduction of 25% levels in goods imported from Mexico and Canada and 10% from China.
Trump also said he intends to introduce duties to goods from the EU.
New steps are improving fears about the world’s economic growth, forcing investors to redeem capital in protective properties, such as dollars.
Participants in the market are also concerned about slowing down the India GDP and increased oil prices, which may exacerbate the current account of the current balance of the country’s payment balance.
In the past, Trump said Mexico and Canada could join the United States, rather than receive subsidies.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.