Trump's actions adversely affected Kerala: US President criticised in budget

THIRUVANANTHAPURAM: US President Donald Trump has been criticised in the Kerala budget. The budget mentions that Trump's actions by raising tariffs have created great uncertainty in the world trade arena and that it has also adversely affected Kerala.

Kerala's marine product exports have been severely affected. The Centre's reduction in GST rates in response to Trump's threat has adversely affected Kerala's tax revenue.

The details of the new free trade agreement that India has signed with the European Union have not been fully revealed. However, there are strong concerns that this will have a negative impact on dairy farmers and other industries. Advance preparations are needed to deal with this, the budget says.