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New Delhi, Dec 3 () Telecom operators have proposed sector regulator Trai to fix a minimum price for mobile internet as no company on its own is in a position to decide on it due to fierce competition in the market, industry body COAI said on Tuesday.
<p> The Cellular Operators Association of India (COAI), in a letter to the Telecom Regulatory Authority of India (Trai), said that Reliance Jio, Bharti Airtel and Vodafone Idea have agreed that the data tariffs should be regulated, a move which was vehemently opposed by the industry players in the past.
</p><p> However, private telecom operators want call rates to continue to remain unregulated.
</p><p> "All the current telecom service providers in the private sector, namely Bharti Airtel Limited, Reliance Jio and Vodafone Idea limited are in complete agreement that Trai be requested to regulate tariffs by setting floor price for data services," COAI Director General Rajan S Mathews said in the letter dated December 3, 2019.
</p><p> The development comes following the three private telecom operators, which account for 90 per cent market share, raising mobile call and internet rates by up to 50 per cent from December 3 onwards.
</p><p> This is the first hike in the past five years in the country's telecom sector facing tariff war, with voice calls becoming almost free in 2016 and a steep 95 per cent fall in data prices to Rs 11.78 per GB at present from Rs 269 per GB in 2014.
</p><p> "We further submit that the tariff correction in the current level of fierce competition is not possible by any service provider voluntarily and thus the only option available is prescription of a minimum tariff for mobile data service by the authority," Mathews said.
</p><p> He said that a tariff correction for data services will not be out of sync with global trends as India has the lowest data tariffs globally, estimated to be around 50 times lower than the price in major developing and developed countries.
</p><p> Telecom Minister Ravi Shankar Prasad on Monday said mobile internet rate in the country remains by far the lowest in the world.
</p><p> Citing a March 2019 study which compared mobile data charges in 230 countries, Prasad said the average price of USD 0.26 per 1 gigabyte (GB) data in India compares to USD 6.66 in the UK and USD 12.37 for the same amount of data in the US.
</p><p> "...the Authority would be aware that unlike mobile data, voice services are considered as essential services especially by the subscribers at bottom of pyramid and therefore would need to be continued under the present forbearance regime," Mathews said.
</p><p> Mobile call and mobile internet rates are not regulated at present and are decided by the companies on their own.
</p><p> While the industry vigorously opposed regulating phone services rates in the past, Mathews in the latest communication to the Trai said that regulation of data price by setting floor price should be done as soon as possible.
</p><p> The move to raise mobile call and internet rates follows the Supreme Court judgment on October 24 this year, upholding the government's method of calculating revenue share that it should get from earnings of service providers.
</p><p> Vodafone Idea last month reported a consolidated loss of Rs 50,921 crore for September quarter -- the highest ever quarterly loss posted by any Indian corporate -- on account of liability arising out of the Supreme Court's order.
</p><p> The company has estimated liability of Rs 44,150 crore post the apex court order, and made provisioning of Rs 25,680 crore in the second quarter this fiscal.
</p><p> Vodafone Idea, which is reeling under massive debt of around Rs 1.17 lakh crore, had earlier cited acute financial stress on the company behind the decision to raise mobile call and data charges.
</p><p> Bharti Airtel had posted a staggering Rs 23,045 crore net loss for the second quarter ended September 30 due to provisioning of Rs 28,450 crore in the aftermath of the SC ruling on statutory dues.
</p><p> According to government data, the liabilities in the case of Bharti Airtel add up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is the SUC (spectrum usage charges) dues (excluding the dues of Telenor and Tata Teleservices).
</p> The government is currently not considering any proposal on waiver of penalties and interest on outstanding licence fee based on adjusted gross revenue (AGR), or on extending the timelines for telecom companies to pay up their statutory dues.  PRS  RVK

Telcos propose Trai to regulate data tariff by fixing minimum price

<br />
Indian mobile phone operators have warned that if they have to compensate their subscribers for call drops, they would be forced to increase their voice and data tariffs.<br />
<br />
Telcos are of the opinion that they are already investing a lot in 3G and 4G services, which is why they will not be able to bear the additional costs without any measures. They are also under pressure of <a href="http://www.businessinsider.in/Telcos-may-need-to-shell-out-more-for-site-installations/articleshow/50452437.cms">increasing tower-installation costs</a>.<br />
<br />
"Any increase in operator costs, of which penalties are a part, puts upward pressure on tariffs," Rajan S Mathews, director general of Cellular Operators Association of India, told ET. COAI represents telecom companies operating on GSM tech such as Airtel, Vodafone and Idea. Companies using CDMA or dual technology, such as Tata and Reliance, are represented by the Association of Unified Service Providers of India (AUSPI). <br />
<br /> <keyword id="6356988" type="PERSON" weightage="100" keywordseo="TRAI">TRAI</keyword> has also got <a href="http://www.businessinsider.in/TRAI-gets-government-support-regarding-call-drop-compensation-debate/articleshow/50451971.cms">the support of government</a> after it reminded the mobile companies of the impending <a href="http://www.businessinsider.in/TRAI-reminds-telecom-operators-to-compensate-customers-for-call-drops/articleshow/50436405.cms">compensation roll outs</a> of Rs 1 for up to three calls a day. The compensation were expected to begin from January 1<sup>st</sup> but the mobile companies have said that they would wait for the court’s final decision before that.<br />
<br />
<a href="http://www.cellphonebeat.com/wp-content/uploads/2013/12/call_tariff_hike_ubsln.jpg"><em>Image source</em></a><br />

Telcos attempt an even deal; threaten to raise tariffs if call drop fine imposed

<br />
If you’re an Idea Cellular subscriber in NCR, you’ll pay. The company has raised mobile data rates by up to 100 per cent for its pre-paid customers. It’s the first telecom to raise its tariff after recent spectrum auction in March. <br />
<br />
The company has doubled the tariff for some 2G plans, and tripled 3G rates. <br />
<br />
According to media reports Idea MD and CEO Himanshu Kapania had said hinted post spectrum action that a data tariff price hike could occur.<br />
 <br />
The company has changed most of the 2G and 3G recharge vouchers. As per the new rates subscribers would get 1.5 GB of 2G as against 3 GB for Rs. 255 earlier and 3 GB as against 4 GB for Rs. 755.<br />
<br />
The 1 GB 3G pack will now come with a 28 days validity of 28 days, but will cost Rs. 295 as against Rs 249. 1 GB of 2G would now set you back for Rs. 195 as against Rs 175 earlier, but will come with 28 days validity. <br />
<br />
The company has also reduced validity of some other packs.<br />
 <br />
Experts predict an overall increase in the Idea’s data tariffs in other circles too. <br />
<br />
The new rates came into effect from June 3.<br />
 <br />
(Image credit: Indiatimes)<br />

Idea ups mobile data rates
in NCR by up to 100%

<br /><ul><li>Yesterday, India's IT Minister tweeted that the country's data plans continue to be the cheapest in the world despite a hike in tariffs by telecom operators.</li><li>Data shows while India will continue to have one of the least expensive data costs in the world — it will no longer be the cheapest.</li><li>Kyrgyzstan now has the lowest cost per GB in the world at $0.27.</li></ul>India's mobile tariffs are no longer the cheapest in the world after an almost 40% hike in subscription rates by the country's <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-may-still-have-the-cheapest-plan-on-offer-as-airtel-and-vodafone-idea-have-a-lead-on-telecom-tariffs/articleshow/72335722.cms">leading telecom operators</a> — Vodafone Idea, Bharti Airtel and Reliance Jio — despite IT Minister Ravi Shankar Prasad's assurances. <br /><br />
	
	
	
	
	
	<div type="twitter" handle="rsprasad" handlename="Ravi Shankar Prasad" image="http://pbs.twimg.com/profile_images/727848709518675968/xebahww0_normal.jpg" favoritecount="661" retweetcount="294" status="India’s Mobile Internet rate per GB remains by far the lowest in the world. UK based https://t.co/8ZGRuuOuWF which… https://t.co/cMBb1O5okt" createdat="1575285902000" id="1201462273224531968"></div>













<br />Before the hike in prices, the average cost per 1GB of data in India was $0.26, according to <a href="https://www.cable.co.uk/mobiles/worldwide-data-pricing/">cable.co.uk</a>. Accounting for a 40% increase, the cost will now lie at around $0.36 per GB — making India's data consumption more expensive than Kyrgyzstan. <br /><br />As per Business Insider's calculations, even if the increase is limited to 30%, as <a href="https://m.economictimes.com/industry/telecom/telecom-news/reliance-jio-plans-could-be-20-cheaper-than-other-telcos-report/amp_articleshow/72335807.cms">some plans claim</a>, the cost will be at $0.33 per GB — above Kyrgyzstan's rock-bottom prices of $0.27. <br /><br />
  
  
  
  
  
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<br />And, data is only one facet of the increase in prices. Customers will also have to bear the burden of being charged to place calls outside their networks since most telecom plans no longer provide ‘<a href="https://www.businessinsider.in/tech/apps/news/jios-new-recharge-plans-can-be-confusing-heres-how-to-figure-them-out/articleshow/72257183.cms">unlimited calling</a>'.<br /><br /><strong>Data will still be pretty darn cheap<br /></strong><br />Even though data rates in India might not be the cheapest — they're still among the lowest in the world. <br /><br />Other developing nations around the world bear much higher tariffs. In Brazil, for instance, the cost of data is 12 times more expensive at $3.50 per GB. And, in China — one of India's neighbors — 1GB costs $9.89 on an average.<br /><br />Data in developed nations like the United States and Canada costs in excess of $12 per GB.<br /><br />Zimbabwe telcos charge $75.50 for 1GB on an average, making its data the most expensive in the world.<br /><br /><strong>See also:<br /></strong><a href="https://www.businessinsider.in/business/corporates/news/jio-will-raise-tariffs-after-airtel-and-vodafone-idea/articleshow/72138425.cms">Mukesh Ambani joins his peers to end the cheap data party for Indians</a><br /><br /><a href="https://www.businessinsider.in/tech/apps/news/jios-new-recharge-plans-can-be-confusing-heres-how-to-figure-them-out/articleshow/72257183.cms">Jio's new recharge plans can be confusing — here's how to figure them out</a><br />

Fact check: India's mobile tariffs aren't the cheapest in the world anymore

You can expect a steep drop in prices of data packs by 2020 and the prices can go as low as Rs 50 per GB.<br /><br /> Presently, on an average a user pays at least Rs 250 for 1GB and the price is set to go down in next three years.<br /><br /> As per Analysys Mason, the 4G LTE data usage would go up to 6-7 GB per month and the 3G data usage is expected to reach 1.5-2 GB by 2020 because 3G tariffs are expected to drop in line with 4G tariffs.<br /><br /> The prices are expected to decline also due to <keyword id="6354504" type="UNKNOWN" weightage="20" keywordseo="Reliance-Jio">Reliance Jio</keyword>’s entry as <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> will make 4G phone affordable for 80% of India's population.<br /><br /> "In India, contribution of voice is still higher at 60-70% but we expect India to move in a direction where voice contributes only 30-40%, as per the international benchmarks,” Siddharth Thakkar, consultant at Analysys Mason, told ET. <br /><br /> But, in a bid to have lower prices, the telecom operators will have to maintain a market share of above 17-18% and bring down the cost per GB for the end user to Rs 30-40.<br /><br /> The competition in the telecom sector is going to heat up, thanks to Reliance Jio, which is planning to launch a 4G VoLTE feature phone in the market and this may lead to incumbents losing some of their low-end voice subscribers.<br /><br />

In next 3 years, you may just have to pay Rs 50 per GB for mobile data

<p><div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div></p><ul><li><strong>Americans shelled out a record $7.1 billion in tariffs in September, according to new data released Wednesday. </strong></li><li><strong>Since President Donald Trump ignited a tit-for-tat tariff feud with China last year, the Treasury Department has collected tens of billions of dollars in additional import taxes.</strong></li><li><strong>While the White House often asserts that foreign exporters pay tariffs, <a href="https://www.taxpolicycenter.org/taxvox/what-tariff-and-who-pays-it">evidence shows</a> those costs largely fall on domestic business and consumers.</strong></li><li><strong><a href="https://www.businessinsider.com/?hprecirc-bullet" target="_blank" rel="noopener">Visit Business Insider's homepage for more stories</a>.</strong></li></ul><p>The US government collected a record amount in tariffs in September, according to new data released Wednesday,  as a bruising trade war between the Trump administration and China dragged on.</p><p>Americans paid a total of $7.1 billion in import taxes, the free-trade advocacy groups Tariffs Hurt the Heartland and The Trade Partnership said. That was the most in history and a 59% increase from the same month last year. </p><p>The sharp rise came after President Trump slapped duties on an additional $111 billion worth of Chinese imports on September 1, affecting far more consumer products than in previous rounds of escalations.</p><p>Since Trump ignited a tit-for-tat tariff feud with China last year, the Treasury Department has collected tens of billions of dollars in additional import taxes. Roughly $38 billion in additional tariffs were paid between February 2018 and September 2019, the groups said.</p><p>While the White House often asserts that foreign exporters pay tariffs, <a href="https://www.taxpolicycenter.org/taxvox/what-tariff-and-who-pays-it">evidence shows</a> those costs largely fall on domestic business and consumers.</p><p>"This data offers concrete proof that tariffs are taxes paid by American businesses, farmers and consumers <em>-</em> not by China," said Jonathan Gold, an Americans for Free Trade spokesman. </p><p>The $7 billion figure was slightly higher than the one reported by the US government. In its <a href="https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0919.pdf" target="_blank" rel="noopener">latest budget statement,</a> the Treasury Department said the US collected roughly $6.8 billion in customs duties in September. Dan Anthony, vice president of The Trade Partnership, said tariff figures could vary because they are recorded by multiple departments and subject to revisions.</p><p>The groups use "Census' calculated duties data because they are the only publicly available figures that contain the necessary product and country details for analyzing sector trends, state breakdowns, etc.," Anthony said.</p><p><em><strong>Now read</strong>: <a href="https://www.businessinsider.com/stock-picks-to-buy-12-highly-shorted-firms-could-reverse-2019-11">These 12 highly shorted stocks have suffered brutal losses this year - but one Wall Street firm says a major threat just passed, and it might be time to buy</a></em></p>

The US raked in a record $7.1 billion in tariffs in September, new data shows

<ul><li><strong>The US government has continued to collect tens of billions of dollars in additional tariffs as the trade war with China has persisted, according to new data. </strong></li><li><strong>From the start of the trade war in February 2018 through the end of 2019, the Treasury Department collected $50 billion in tariffs. </strong></li><li><strong>The increases came despite a recent agreement to ease a tit-for-tat trade tensions with China.</strong></li><li><strong><a href="https://www.businessinsider.com/?hprecirc-bullet" target="_blank" rel="noopener">Visit Business Insider's homepage for more stories</a>.</strong></li></ul><p>New data shows the US government has continued to collect tens of billions of dollars in additional tariffs, despite a recent agreement to ease a tit-for-tat trade tensions with China.</p><p>The Treasury Department collected $50 billion in tariffs from the start of the trade war in February 2018 through the end of 2019, the free-trade advocacy groups <a href="https://tariffshurt.com/" target="_blank" rel="noopener">Tariffs Hurt the Heartland</a> and <a href="https://tradepartnership.com/" target="_blank" rel="noopener">The Trade Partnership</a> said Monday. In December alone, tariff revenue rose by $6.3 billion.</p><p>The increases came even after the US and China reached a phase-one trade deal, which was announced in October and finalized in January. Tariffs were kept in place on both sides, though some at lower rates, because officials plan to continue negotiations toward a broader economic agreement. </p><p>"Make no mistake - this trade war is as active as it was in December," said Brian Kuehl, the co-executive director of Farmers for Free Trade. "The phase one deal didn't end this trade war. American farmers and businesses need real relief now."</p><p>While President Donald Trump asserts that China bears the burden of US tariffs, <a href="https://markets.businessinsider.com/news/stocks/all-tariff-costs-fallen-onto-americans-pay-new-research-shows-2020-1-1028797514">evidence</a> shows they are paid almost entirely by American businesses and consumers.</p><p>In its latest budget <a href="https://fiscal.treasury.gov/reports-statements/mts/">statement</a>, the Treasury Department said it collected roughly $6.4 billion in customs duties.  Tariff estimates could vary because they are recorded by multiple departments and subject to revisions. </p><p>Tariffs Hurt the Heartland and The Trade Partnership use Census-calculated duties data because they contain the necessary details for analyzing sector and state trends, the groups said.</p>

The government has collected an extra $50 billion in tariffs since the start of the China trade war, according to new data

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Reuters/Carlos Barria</span></p><p class="caption">President Donald Trump welcomes Chinese President Xi Jinping at Mar-a-Lago state in Palm Beach, Florida.</p></div><p></p></div></div></p><ul><li><strong>President Donald Trump escalated his trade dispute with China and is planning for $200 billion worth of Chinese goods to be subjected to an additional 10% tariff.</strong></li><li><strong>In turn, China said it would slap the US with tariffs on $50 billion worth of US imports starting in July. </strong></li><li><strong>China's tariffs would target energy and agricultural products, such as ornamental fish, whiskey, and coal - which would affect some states more than others.</strong></li><li><strong>There are eight US states that exported more than $1 billion worth of tariff-eligible goods to China in 2017.</strong></li></ul><p><br />President Donald Trump escalated his <a href="http://www.businessinsider.com/trump-tariff-on-200-billion-of-chinese-goods-threat-china-trade-war-2018-6" target="_blank" rel="noopener">trade dispute</a> with China earlier this week, ordering the US Trade Representative to compile a list of $200 billion worth of Chinese goods to be subjected to an additional 10% tariff.</p><p>Trump's decision came three days after he <a href="http://www.businessinsider.com/trump-china-trade-war-tariff-list-announced-threatens-more-2018-6" target="_blank" rel="noopener">announced</a> tariffs on $50 billion worth of Chinese goods that would be subject to a 25% tariff.</p><p>In turn, China said it would slap the US with tariffs on $50 billion worth of US imports starting in July. China's tariffs would target energy and agricultural products, such as ornamental fish, whiskey, and coal - which would affect some states more than others.</p><p>Business Insider used US Commerce Department data to determine the number of tariff-eligible goods from each state shipped to China in 2017.</p><p>Because of the US database's limitations, the totals include some foreign-sourced goods that may not be subject to China's tariffs. Those goods represent a small portion of the overall values.</p><p>Additionally, the database measures exports using a system called Origin of Movement. This measures where exports are sent from rather than where they are produced. While research shows that Origin of Movement can be a solid proxy for production, the Census Bureau data may provide an undercount for some upstream producers.</p><p>For instance, some farmers in the Midwest ship their soybeans to Louisiana for transport, which increases the count for Louisiana. Given the fact that Louisiana still relies on the shipping and sales for its economy, the data is still helpful to evaluate the pain from the tariffs - but it may undercount the lost value to some upstream producers.</p><p>There are eight US states that exported more than $1 billion worth of tariff-eligible goods to China in 2017:</p>

All the US states that ship more than $1 billion worth of goods to China that would be slammed by tariffs

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Jabin Botsford/Getty Images</span></p><p class="caption">President Donald Trump's trade war is causing the cost of tariffs for US companies to soar.</p></div><p></p></div></div></p><ul class="summary-list"><li>Tariffs are now costing US firms $6 billion a month, a sudden surge due to President Donald Trump's trade war.</li><li>According to data from Bespoke Investment Group, tariff costs as a percentage of US GDP have doubled in the past few months.</li><li>Tariffs as a percentage of total imports has also soared to historic levels.</li><li>While the costs are still small, the sudden jump is another issue for US companies to handle.</li></ul><p>President Donald Trump's <a href="https://www.businessinsider.com/category/us-china-trade-war">trade war</a> is nearing its nine-month mark, and according to new data, US companies are starting to pay the price.</p><p>The US Treasury confirmed in recent data that American importers <a href="https://www.businessinsider.com/trump-trade-war-us-companies-pay-record-tariffs-2018-12">paid around $6 billion in custom duties</a> during the month of October, double the amount during the same month a year ago. The sudden increase in tariff payments is largely a function of the Trump administration's tariffs on Chinese goods, steel, and aluminum.</p><p>One chart from <a href="https://www.bespokepremium.com/think-big-blog/tariff-trouble-treasurys-tales/">Bespoke Investment Group</a> laid out the significance of this sudden increase in tariffs in the context of the broader of the US economy and historical norms.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/trump-trade-war-us-companies-pay-record-tariffs-2018-12">US companies forked over a record amount in tariffs in October - $6.2 billion! - because of Trump's trade war»</a></em></p><ul><li>"On a 3-month average basis, September to November saw customs duties collected at a pace of 30 basis points (o.3%) of GDP," <a href="https://www.bespokepremium.com/think-big-blog/tariff-trouble-treasurys-tales/">Bespoke said</a>.</li><li>"Historically (since this data series begins in 1998) that number typically runs between 15 and 20 basis points (0.15% to 0.2%) of GDP, so relative to the size of the economy import tariffs are nearly twice their historic range."</li></ul><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span><a href="https://www.bespokepremium.com/think-big-blog/tariff-trouble-treasurys-tales/">Bespoke Investment Group</a></span></p></div><p></p></div></div></p><p>In addition to tariff costs growing compared to the US economy, the value of tariffs as a percentage of total imports is also on the rise:</p><ul><li>According to Bespoke, tariff costs were equal to 2.3% of the total value of goods imported into the US from September to November.</li><li>That compares to a historical average of 1.5% over the past 20 years.</li></ul><p>But while the numbers have risen dramatically in the past few months, it's still a relatively small problem in context for companies at this point.</p><p>"In other words, the tax rate on imports has risen very sharply, but it's still very small relative to, for example, sales taxes in most states," Bespoke said.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/trump-trade-war-china-steel-tariffs-could-cost-us-families-jobs-2018-12">Trump's trade war could cost every middle-class American family $453 and could eliminate 292,000 US jobs»</a></em></p><p>But in a time when cost pressures from rising wages and slowly rising interest rates are already putting a squeeze on US businesses, the added cost of tariffs represents <a href="https://www.businessinsider.com/trump-china-trade-war-tariffs-biggest-2019-us-economic-threat-2018-12">another problem for these firms to manage.</a></p><p>That could get worse if the US and China fail to reach an agreement on a longer-term trade deal by a March 1 deadline. At that point, tariffs on $200 billion worth of Chinese goods would increase to 25%, and Trump could start the process to impose tariffs on the rest of Chinese goods currently not caught up in the trade war.</p><p>A possible tariff on imported cars and trucks, another long-time threat of Trump's, also remains in the mix.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/beards-facial-hair-men-cant-grow-dermatologist-testosterone-2018-11">The reason some men can't grow full beards, according to a dermatologist</a></h3>        <div>                    </div>    </div>

One chart shows just how badly US companies are getting whacked by Trump's trade war

<p><strong><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Chip Somodevilla/Getty Images</span></p><p class="caption">Canadian Prime Minister Justin Trudeau and President Donald Trump</p></div><p></p></div></div></strong></p><ul><li><strong>President Donald Trump announced steel and aluminum tariffs on Canada.</strong></li><li><strong>Canada responded with tariffs of their own on billions of dollars worth of US goods.</strong></li><li><strong>Using US exports data, the states hit hardest by the tariffs would be Ohio, Michigan, New York, Pennsylvania, and Illinois.</strong></li></ul><p>Canada isn't taking President Donald Trump's decision to hit the country <a href="http://www.businessinsider.com/trump-steel-aluminum-tariffs-trade-war-europe-canada-mexico-2018-5">with steel and aluminum tariffs</a> lying down.</p><p>Prime Minister Justin Trudeau announced that <a href="http://www.businessinsider.com/donald-trump-steel-aluminum-tariffs-europe-mexico-canada-list-2018-5">Canada will impose retaliatory tariffs</a> on $12.8 billion worth of US goods in response to Trump's metals tariffs.</p><p>The <a href="https://www.fin.gc.ca/activty/consult/cacsap-cmpcaa-eng.asp">list of goods</a> set to get hit by the Canadian tariffs varies from industrial steel to sleeping bags. Trudeau said the tariffs were not designed to hurt the American people, but rather defend Canada's interests and send a message to the Trump administration.</p><p>Using US Census Bureau data on exports and the list of goods subject to the tariffs, Business Insider determined exactly which states will get hit hardest by the Canadian crackdown.</p><p>The biggest losers from the US-Canada trade fight are industrial states in the Midwest:</p><ul><li>Ohio would be the hardest hit. The state sent $1.75 billion worth of goods to Canada in 2017 that could fall under the tariffs.</li><li>Michigan would be close behind, with $1.17 billion in goods that could be subject to tariffs.</li><li>They are followed by New York ($1.17 billion), Pennsylvania ($1.14 billion), and Illinois ($1.02 billion).</li></ul><p>The tariffs will go into place on July 1, Canada's government said, and will stay in place until the US removes the steel and aluminum restrictions.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Andy Kiersz/Business Insider</span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/corruption-is-contagious-how-political-corruption-affects-civilians-2018-5">Why some countries are more corrupt than others</a></h3>        <div>                    </div>    </div>

Canada is slapping tariffs on $12.8 billion of US goods - here are the states that stand to lose the most

<p><strong><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Yves Herman/Reuters</span></p><p class="caption">German Chancellor Angela Merkel and President Donald Trump.</p></div><p></p></div></div></strong></p><ul><li><strong>President Donald Trump is hitting the European Union with steel and aluminum tariffs.</strong></li><li><strong>The EU retaliated with a list of tariffs on over $7 billion worth of US goods.</strong></li><li><strong>Using US export data, the states that would lose the most are New York, Michigan, California, Tennessee, and Pennsylvania.</strong></li></ul><p><br />As President Donald Trump attempts to smooth things over with <a href="http://www.businessinsider.com/g7-meeting-trump-tariffs-trade-trudeau-macron-merkel-meetings-2018-6">key allies at the G7 summit in Canada</a>, those same allies are moving forward with tough retaliatory trade penalties against US goods.</p><p>Among the <a href="http://www.businessinsider.com/donald-trump-steel-aluminum-tariffs-europe-mexico-canada-list-2018-5">allies striking back</a> at Trump's steel and aluminum tariffs is the European Union. The EU announced tariffs on just over $7 billion worth of US goods on Wednesday on goods ranging from industrial steel to rice to flip-flops.</p><p>The list of goods subject to the new EU tariffs was carefully selected to send <a href="http://www.businessinsider.com/trump-tariff-trade-fight-european-union-mexico-tariffs-list-2018-6">a political message to Trump and congressional leaders</a> while also minimizing the damage on EU consumers. The tariffs will also not hit every state in the US equally.</p><p>To breakdown the effect by state, Business Insider used US Commerce Department data to determine the amount of tariff-eligible goods from each state sent to the EU in 2017. (Due to the US database's limitations, the totals include some foreign-sourced goods that may not be subject to the EU tariffs. Those goods represent a small portion of the overall values.)</p><p>On opposite ends of the spectrum, New York sent over $1.5 billion worth of tariff-eligible goods to the EU last year while Wyoming sent just under $100,000 of tariff-eligible goods.</p><p>Following New York, Michigan is the second-hardest hit state with $825 million worth of exports now subject to tariffs. California ($688 million), Tennessee ($562 million), and Pennsylvania ($408 million) round out the top five most vulnerable states.</p><p>For a few of the top states, the bulk of the hit comes from just one product. For example, over $1 billion worth of New York jewelry will be subject to the tariff, roughly two-thirds of the state's total. Whiskey is the source of most of Tennessee's troubles as the liquor makes up just over $466 million of the state's $562 million total tariff-eligible goods. In Michigan, roughly $674 million of the total comes from rearview mirrors for vehicles.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Andy Kiersz/Business Insider</span></p><p class="caption">Using US export data, the states that would lose the most are New York, Michigan, California, Tennessee, and Pennsylvania.</p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/economist-weighted-voting-could-help-save-us-democracy-2018-5">This top economist has a radical plan to change the way Americans vote</a></h3>        <div>                    </div>    </div>

The European Union is slapping tariffs on over $7 billion of US goods - here are the states that stand to lose the most

<br /><ul><li><strong>According to <keyword id="6354424" type="COMPANY" weightage="20" keywordseo="world-bank">World Bank</keyword>, <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> has simply window dressed the level of tariffs in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> by calling the nation ‘<keyword id="6925005" type="UNKNOWN" weightage="20" keywordseo="tariff-king">tariff king</keyword>’.<br /><br /></strong></li><li><strong>Data with the international financial institution indicates that while India may have ‘high’ import tariffs, they aren’t even the highest among the Southeast Asian countries.<br /><br /></strong></li><li><strong>Officials with the World Bank also believe that tariffs have been consecutively reduced since the lndian economy’s liberalisation in 1992.</strong><br /></li></ul>The World Bank and the President of the United States, Donald Trump, do not share a common opinion in on the level of taxes imposed by India on imported goods. In fact, the international financial institution <a href="https://www.business-standard.com/article/economy-policy/india-is-not-a-tariff-king-says-world-bank-official-on-trump-s-remarks-118103101278_1.html">slammed Trump’s comment</a> calling India a ‘<a href="https://www.livemint.com/Politics/L5sKtcdGYDOJDLuFOSlEeO/India-may-have-to-pay-a-price-for-protectionism.html">tariff king’</a>.<br /><br />While India certainly has relatively higher tariffs in comparison to the rest of the world, data with the World Bank indicates that it’s not even the highest among the South-Asian countries.<br /><br /><a href="https://www.business-standard.com/article/economy-policy/india-is-not-a-tariff-king-says-world-bank-official-on-trump-s-remarks-118103101278_1.html">According to Shanta Devarajan</a>, a Senior Director for Development at the World Bank, while tariffs in India certainly high circa 1991, they have since then reduced high taxes levied on many goods. In comparison to ten years ago, the taxation system is much more liberal.<br /><br />Devarajan believes that liberalisation has actually helped India to boost its economic growth. <br /><br />Trump had earlier <a href="https://kashmirobserver.net/2018/business/india-tariff-kingwants-trade-deal-us-keep-me-happytrump-36608">alleged that India imposes tariffs as high as 100% on many American goods</a>. He even cited an example of Harley Davidson motorcycles on which India had imposed a 100% tariff. <br /><br />The US President added that many other American products also face high tariffs, which act as a barrier to entry in the Indian market, instigating that consumers are worse off since, as a result of these high tariffs, they will have access to fewer imported products.<br />

You Searched For "data tariff" and got 12 results

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Canada is slapping tariffs on $12.8 billion of US goods - here are the states that stand to lose the most

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The European Union is slapping tariffs on over $7 billion of US goods - here are the states that stand to lose the most

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