Kashi Vyapar Mandal President Ajit Singh Bagga said the traders of Kashi protested against the tariff imposed by US President Donald Trump by burning posters near Azad Park in Lahurabir.
Protest (Representational Image)
US President Donald Trump’s decision to slap 50 per cent tariffs on most US imports from India came into force on Wednesday. Traders and exporters here held a protest against the move, saying the steep hike in tariffs will deliver a severe shock to them.
Kashi Vyapar Mandal President Ajit Singh Bagga said the traders of Kashi protested against the tariff imposed by US President Donald Trump by burning posters near Azad Park in Lahurabir.
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He said that Banarasi sarees sell a lot online in America. Customers may hesitate to buy Banarasi sarees due to the increase in prices with the huge tariff increase of 50 per cent on most of the goods.
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A saree trader said that till now, customers booked Banarasi sarees online, and the goods were sent through courier, on which normal taxes were applicable. “But now, after the implementation of 50 percent tariff, it is not clear how much duty will increase on various goods. However, it is certain to have an impact,” the trader said.
Meanwhile, Federation of All India Vyapar Mandal’s Senior National Vice President Prem Mishra said that sarees worth more than Rs 3000 crore are traded from all over India, which includes many parts of the country, including Madras, Surat, and Varanasi.
“Orders are being cancelled continuously. Traders will face a lot of problems in exporting the goods,” he said.
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