Trump gave this big shock before touring India: Shiv Sena

Feb 15 2020 10:22 AM
Trump gave this big shock before touring India: Shiv Sena

Mumbai: The Shiv Sena, through its mouthpiece Saamana, has criticized the decision by the US to remove India from the developing list ahead of US President Donald Trump's visit to India. Shiv Sena says that this step is a big setback for the Indian economy. The Shiv Sena has written that, "Being a developing country, India used to get huge tax concessions from the US for its production and export till date, but now the American business of India has suffered a tremendous blow."

The Shiv Sena has written that, by placing a gun on the shoulder of the World Trade Organization, the Trade Representative Committee of the US (USTR) has separated India from the list of developing countries. This can be called a strong economic blow to India. Being a developing country, till today India used to get big tax concessions from America for its production and export. The Shiv Sena has further written that 'India will have to spend huge amount of money for the export of many goods due to the closure of the tax subsidy from America. Not only America, but also all the global traders of India will have to bear the consequences.

It is written in the editorial that 'World Trade Organization (WTO) gives developing countries subsidies or subsidies for trade growth. These features were the nitty-gritty of the American President. That is why the United States has excluded many countries including India, China and South Korea from the list of developing countries. For this tough decision, it is very shocking for the Trump administration to choose a Muhurta to visit India.

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