Trump will leave ‘tariff missile’ at half past one, India’s ‘Iron Dome’ ready- these 5 fronts will be monitored

The clock has come on which the whole world is eyeing. US President Donald Trump is going to impose counter -tariffs on all other countries on 2 April itself. He has called this day as Liberation Day for America i.e. Mukti Day. The whole world economy is careful and looking towards Washington, wants to measure the depth before taking its next step. Is there a trade war being sprinkled, the world economy has been shocked. Everyone wants to know whether any country will get a discount from counter -tariffs.

Let’s try to understand what we can expect from Trump on Liberation Day:

What is the expectation of the world?

American media said that Trump is considering putting tariffs at a rate at a rate- 20 percent tariff. Also, some countries can give relief from this. White House Press Secretary Caroline Lewitt said that the Trump was meeting his top advisors a day before the announcement, “to make sure that this is an ideal deal.” He said that the tariff would come into effect “immediately” after Wednesday’s implementation.

What is the expectation for India?
A day before the announcement, Trump claimed that India would “largely” to “to a great extent” to avoid counter -tariffs. He said, “I think a lot of (countries) will remove their tariffs because they have been wrongly tariffs on America for years … I think I have heard that India is going to cut its tariffs a lot some time ago.”

America was India’s largest trading partner from 2021-22 to 2023-24. A PTI report said that the US accounts for about 18 percent in India’s total goods exports, 6.22 percent in imports and 10.73 percent in bilateral trade.

What is expected for Europe?

According to The Guardian reports, the European Union and British leaders are concerned about the possibility of Sector Wise Tariff as well as permanent fees that may be levied to combat Europe’s VAT rates, which they consider to be a de facto tax. Trump has already announced tariffs on cars starting from April 3. This is another shock for the European market because there is a large scale of car exports to America.

How can the world react?

Many major economies including the European Union and Canada have already warned Trump that if the tariff is imposed, they will not sit silent. Canadian Prime Minister Mark Carney said on Tuesday, “We will discuss whatever steps we take to fight for Canada.” The European Union said on Tuesday that it still expected to negotiate a solution – but if necessary, all options are on the table to take retaliation “. British Prime Minister Kir Stmper has spoken with Trump towards the UK-US trade agreement. Vietnam said on Tuesday that he would cut the fee on many items to please Trump. India still hopes that it will get relief from the tariff, even if it has to cut his own tariff.

What is the effect on business?

Before the announcement of Trump’s counter -tariff, the global stock markets showed mostly in business on Tuesday. The global market does not know how much the trump will put on, and it is a state of uncertainty. The US stock market initially stood at the lower level, but closed in the mixed sector a day before the announcement. Asian and European stock markets have compensated some of their recent huge losses, as traders expected more clarity before tariffs.

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