Trump’s New Trade Policy: Preparations to impose more than 10% import duty on small countries like Africa and Caribbean

News India Live, Digital Desk: Donald Trump is making a splash again in the US political streets, and returning with them. The same old thinking of ‘America First’, under which big changes can be seen in business and economy. The latest reports and speculation are stating that if he becomes president again, his next major step may be to impose import duty of more than 10% on small and developing countries like Africa and Caribbean. The main goal behind this possible step is to protect the industries and workers of his country. He believes that applying high tariffs will encourage American companies to increase their domestic productivity and will also prevent external competition. This policy will not only apply to imported goods, but it will also create a kind of political pressure to bring business agreements to the right of the US. Earlier, in his previous term, Trump also imposed heavy duty on several big business partners including China, which had a significant impact on the global economy. However, these new charges are expected to cause serious damage to small economies such as African and Caribbean countries. These countries depend a lot on exports to promote their economy and fight poverty. If heavy tariffs are imposed on them, it will be difficult for their products to reach the US market, which may disrupt their economic growth. Overall, if Trump again comes to power and implements his ‘tariff’ policy, its effect will not be limited to America only, but it can also make a big injury to small economies and international trade relations around the world.