Washington22 minutes ago
- Copy link
US President Donald Trump has termed China’s decision to impose 34% tariffs as nervous. Trump posted on Truth social, wrote,
China has taken wrong steps. They are nervous. This is something that they cannot tolerate. He will be very heavy for China’s counter -tariff.
The US has announced a tariff on 60 countries of the world. It has 34% tariff on China. Earlier, Trump has imposed 10% -10% tariffs on China twice a month, causing the total tariff to reach 54%.
In response to this, China has announced to impose 34% counter -tariff on the US on Friday. The new tariff will be applicable from April 10.
The Chinese government issued a statement saying that this move of America violates international trade rules. This is causing loss of legal rights and interests of China. This is clearly an attempt to put unilateral pressure.
Now 54% tariff on Chinese goods coming to America
Since returning to power in January, Trump has so far imposed an additional 10% additional fees on all the imports coming from China. The White House says that this step was necessary to stop the illegal fantaneil coming from China in the US. This means that now a total of 54% tariffs have been implemented effectively on the Chinese goods coming in the US.
China described 11 American companies as incredible
With the announcement of counter tariffs on Friday, China has put 11 American companies in the list of companies that cannot be trusted. These include drone making companies. In addition, export rules have been implemented on 16 American companies, so that they cannot export double -used goods.
Trade war in America-China threat of economic recession in the world
Economist and author of ‘The Global Trade Paradise’ Prof. According to Arun Kumar, the first and second economic superpower between America and N is pushing the world into the economic recession. However, China is going to be heavy due to Trump’s arbitrary tariff. Many countries can now turn to China for trade.
China’s exports from 34% tariffs can cause a major decline in electronics, machinery and consumer goods. This will increase the pressure on the Chinese economy. China will have to find new markets. Putting tariffs on the US may also provide some relief to Chinese domestic industries, as American goods may increase demand for local products.
Canada imposed 25% tariff on America
Earlier, Canada has announced 25% tariff on American cars on Thursday. French President Emmanuel Macron has stopped all its investments in the US. Macron said, Trump will have to withdraw 20% of tariffs on the European Union.
List of Reciperocle Tariff released by America …
India said- Our economy can face this tariff
The first official response from India has come after Trump’s announcement of Tit Tariff. India’s Ministry of Commerce has said that it is assessing the impact of 26% tariffs. An official said that this tariff will have an impact on some areas, but the economy of India can withstand it.
According to reports, an official said that the Trump administration has such provisions that if India removes the concerns of America, then there may be some discounts in the tariff. India is considering taking steps in this direction.
Reaction of the rest of the countries on Trump’s tariff
China: The Ministry of Commerce said that this is a unilateral and bullying step of the US. They should immediately cancel their unilateral tariffs. If this does not happen, China will also take retaliation.
European Union (EU): EU president Ursula von Der Leyon said that Trump’s move is a major setback for the World Economy. This will increase uncertainty and weaken the purpose of globalization.
Canada: PM Carney said that we will protect our laborers and answer the tariff of Trump administration.
Brazil: Parliament unanimously passed a mutuality bill, giving the government the right to impose counter -tariffs. The Brazilian government has said to take the issue of tariffs to WTO.
Australia: Australia described Tariff as “irrational”, but immediately denied the counter -tariff. PM Anthony Albanese said that 10% tariff has no meaning. This is not the right step of a friend.
India MP said- America will be isolated by imposing tariffs
King Krishnamurthy of Indian origin is MP from Illinois.
India’s US lawmakers have criticized President Trump’s decision to impose mutual tariffs. He termed the decision of the Trump administration as irresponsible and suicide. Indian MPs appealed to the leaders of both the US and India to deal with this challenge by negotiating.
Raja Krishnamurthy, associated with the Democratic Party, said that the imposition of tariffs will cost the working families so that Trump can cut the tax on the rich. He said that ‘these alleged liberation day tariffs will prove to be irresponsible and suicidal. This will create economic pressure on people, while they are already surrounded by financial difficulties.
Krishnamurthy said that the US would be isolated globally due to the tariff. This will adversely affect the allies of America and benefit its opponents.
What is tariff …
Tariff is a kind of border fee or tax, which any country imposes the goods coming from abroad. This tax is levied on the importing company. The country controls the business among themselves only by decreasing it.
Trump had said- will impose 100% tariffs on India from April 2
In the joint session of the US Parliament in March, Trump said- India charges more than 100% tariffs from us, we are going to do the same from next month. He announced that under his administration, if a company would not make its product in the US, it will have to give tariffs. In some cases, this tariff will be very high.
He said that other countries impose heavy tax and tariffs on America, while America imposes them very little. This is very unjust. Other countries have been putting tariffs on us for decades, now it is our turn.
Trump announced a tariff in the joint session of the US Parliament on 5 March.
Trump said that from April 2, the ‘Reciperook Tariff’ will be applicable in the US. That is, the more tariff they will apply on us, the more we will apply on them. Trump laughed and said, ‘I wanted to implement it on 1 April, but then people would consider it as’ April Fool ‘.’
China, Japan, South Korea can make free trade agreement
China, Japan and South Korea held economic discussion on Sunday five years later. During this discussion, the three Asian countries will promote mutual trade amid the announcement of additional tariffs by Trump. Apart from this, trade ministers of the three countries have also expressed the possibility of free trade agreement among themselves.
————————————————— Read this news related to American tariff too …
Today’s Excellener, Trump ran a sword on China-Canada, is the next number of India; How did the tariff create panic in the world
Donald Trump has discovered a favorite solution for all America’s problems- Tariff. On 1 February, Trump announced 25% tariffs on goods coming from Mexico and Canada and 10% on China goods. Trump has been constantly threatening to impose 100% tariffs on BRICS countries. India is one of them. Read full news …