US President Donald Trump has made a major announcement regarding global tariffs. (Image X @Notjustheadline)
Washington: US President Donald Trump has made a major announcement regarding global tariffs. In a social media post, Trump announced that the US is increasing the 10 percent tariff imposed on countries worldwide to 15 percent with immediate effect. He claimed that many countries have been "taking advantage" of the US for decades, and this decision is being taken in response to this.
In his statement, Trump stated that this move is completely legal and has already been tested. He also indicated that the Trump administration will announce new, "legally legal" tariffs in the coming months. According to him, this policy is necessary to strengthen the US economy and protect domestic industries. Trump may impose new tariffs on several countries in the future.
In his post, the President mentioned the "Make America Great Again" campaign, saying that his government is working towards this goal and that the new tariffs are part of that strategy. He claimed that the steps taken so far have been "extremely successful" and will continue to benefit the US.
The Trump administration indicated that the purpose of this decision is to boost American manufacturing and reduce the trade deficit. Trump expressed confidence that this process will achieve his mission of "Making America Greater Than Ever" (MAGA). Experts believe that this move could have a profound impact on export-driven economies around the world, including India.
Experts believe that if this tariff increase is implemented, it could impact global trade. Exports of countries that trade heavily with the US could be pressured, especially those with high trade volumes. Furthermore, the possibility of retaliatory tariffs could increase, potentially intensifying trade tensions. At present, the Trump administration has yet to release a detailed list and timeline. Markets and global partners are now closely monitoring the next steps.
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