Impact of American tax policy on India’s commodity prices: P. Shanmugam

The tax policy of President Trump has affected millions of people in various countries due to its preference for single individual. P. Shanmugam of the Marxist Communist Party stated that India’s commodity prices are influenced by the American tax policy. For example, Tamil Nadu has seen a rise in pearl millet production due to a decrease in taxes on agricultural products, leading to an increase in supply and a possible decrease in prices. India’s economy is dependent on global factors, making it vulnerable to changes in tax policies in countries like the United States.