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Trump mutual tariff: US President Donald Trump has eventually shocked the world by announcing the tariff. Earlier it was believed that the United States would collect the same tariff from the country that puts tariffs on it. But Donald Trump did not do so. They have applied half a tariff. Donald Trump announced a tariff with his cabinet members at the Rose Garden of the White House at 4:30 pm at US time (Indian time).
What did Trump announce?
25 percent tariff on auto sector applicable from today
Donald Trump has made his first major announcement. In his first announcement, Trump has implemented 25 percent tariff on the auto sector from today. However, Trump had already announced it.
Trump gave the example of motorcycle
During his speech, Trump said that the United States imposes only 2.4 percent tariffs on motorcycles coming from other countries. Meanwhile, Thailand and other countries are charging very high prices. For example, India is charging a 60 percent fee, Vietnam is charging 70 percent, and other countries are charging even more. The cruel attacks on our workers for the last several years are the response to the injustice done against them.
Tariffs will be half compared to other countries: Trump
Donald Trump said that we will take about half of the tariffs he is charging from us. Therefore, the tariff will not be completely mutual. I can do this, but it will be difficult for many countries. We did not want to do this.
Which country is being tarted on which country?
Donald Trump has announced how much tariff will be imposed on which country. It is being implemented soon after Trump’s speech.
- China – 34 percent
- European Union – 20 percent
- Japan – 24 percent
- South Korea – 25 percent
- Switzerland – 31 percent
- United Kingdom – 10 percent
- Taiwan – 32 percent
- Malaysia – 24 percent
- India – 26 percent
Trump’s message to foreign leaders
US President Donald Trump told countries around the world that if you want our tariffs to reduce your tariffs first. If they complain and want their tariff to become zero, then they should make their products in America. If you make your factories and products in the US, there will be no tariff and we will see that such a large number of companies are coming to America as much as never before.
Trump said that tariffs protect our country from people who want to harm the American economy. Some people were trying to harm the American economy. Perhaps this cannot be said clearly, but they were causing serious economic damage. But even more important is that tariffs will give us unprecedented growth. This tariff will give us such an increase as you have never seen before.
Trump’s tariff policy will affect major trading partners like China, European Union, India, Japan, Mexico and Canada. The announcement of these tariffs has created a stir in the global markets and many countries have indicated possible retaliation. This has increased the possibility of a new global trade war.
Posting on social media platform Truth social before the announcement, Donald Trump said, ‘Today is Liberation Day in America’ (April 2 is the Independence Day of America). Trump is promising that his new business policies will protect America from ‘loot’ and will take the country back to the ‘Golden Age’. On Tuesday, the White House made it clear that the new tariff would be implemented immediately after the announcement of President Trump. The purpose of these tariffs is to deal with ‘unfair trade policies’ that harm American workers and industries.
For a long time it remained the world’s piggy
Trump said at a press conference, “America has been a world’s piggy for a long time.” Today, we are taking control again. This is our Independence Day – the day of freedom from improper trade agreements, heavy duty on American goods and policies that harm our businesses and workers.
