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Donald Trump Trade Talks: Donald Trump ended business talks with Canada, describing digital service tax as the reason. Trump’s tariff-centered policy may increase tension in global trade. Deal No.Read more
Donald Trump has broken business talks with Canada.
Highlights
- Trump ended the trade talks with Canada.
- Digital service tax was described as the reason for breaking the talks.
- The possibilities of business deal with India are uncertain.
What will be the effect
Canada is the second largest trading partner in the US, importing US $ 349 billion goods last year, while the US imported $ 413 billion goods from Canada. Trump’s move The economies of both countries can be affected, because Canada can also apply counter tariffs. On Friday, the US stock markets saw a decline after Trump’s announcement, where Dow Jones closed down 0.4% and Nasdaq 0.2%.
Possibility of business deal with India
Trump administration has already been on countries like Canada, Mexico and China Announcement to increase tariff It is, but India has not been included in this list yet. However, discussion on trade issues between India and the US has been going on for a long time, including subjects such as trade deficit and tariffs. Trump’s policy focuses on reciprocal tariffs, which means that he demands tariffs from other countries at the same rate, which are imposed on American goods. Business talks with India There is a possibility of progress in, but given the unexpected policies of Trump, it is uncertain whether the two countries will soon be able to reach a big business agreement. India will have to make its strategy carefully, especially when Trump is taking an aggressive stand in global trade.
Trump’s decision to break talks with Canada is part of his tariff-centric policy, which can increase tension in global trade. This can be an opportunity for India, provided it balances Trump’s US first policy.
News18 working as Associate Editor in Hindi. About two decades of experience in the media. Got a chance to work in many other institutions including Dainik Bhaskar, Dainik Jagran, IANS, BBC, Amar Ujala, G Group. Makhanlal Universe …Read more
News18 working as Associate Editor in Hindi. About two decades of experience in the media. Got a chance to work in many other institutions including Dainik Bhaskar, Dainik Jagran, IANS, BBC, Amar Ujala, G Group. Makhanlal Universe … Read more
