Trump’s tariff declaration apprehension of depth trade war, know how much tariff
Washington:
Trump Tariff Announcement: US President Donald Trump has announced a transitual tariff against countries around the world on Wednesday. The countries on which Trump have imposed tariffs include its closest business partner. After the announcement of the interpretation tariff, the possibility of disastrous trade war in the world has deepened. Speaking at the Rose Garden of the White House, Trump has put the most rigorous tariffs on China and the European Union, which he called “Liberation Day”. During Trump’s speech itself, the dollar fell to one percent against the euro and it also declined against other major currencies.
34 percent tariff imposed on China
Donald Trump said in his speech that for decades our country has been looted by close and distant countries and friends and enemies. Trump has imposed the most tariffs on those countries, which he has called “countries with bad behavior”. These include China, whose goods have been imposed 34 percent, 20 percent on the major colleague European Union and 24 percent on Japan and 26 percent on India.
Liberation day reciprocal tariffs 🇺🇸 pic.twitter.com/odckbuwkvo
– The white house (@Whitehouse) April 2, 2025
American exports are putting half of exports: Donald Trump
Donald Trump showed a chart with a list of taxes and said that he is “very kind” and hence he is imposing half the amount of tax imposed by those countries on American exports. For the rest, Trump said that he would impose a “baseline” tariff of 10 percent on other countries including Britain.
When Trump said Tariffs “will make America rich again”, the cabinet members as well as the workers wearing hats of other industries, including steel, oil and gas, celebrated.
Donald Trump said, “This is liberation day,”. Also said that it would be “always remembered as the day, the day the American industry was reborn, the day the fate of America regained.”
Trump has already warned the expert
Donald Trump had already announced the move many weeks. He stressed that Tariffs would protect America from being “cheated” by other countries and promoted a new “golden age” for the American industry. Although many experts have warned that tariffs may increase the risk of domestic recession, as it will cost only on American consumers and can sprinkle a destructive trade war in the world.
