Agency:Agencies
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Donald Trump announced a new tariff on 14 countries including Bangladesh. It has 40%on Myanmar and Laos, 35%on Bangladesh, 25%on Japan and South Korea. These tariffs will be applicable from August 1.
US President Donald Trump. (File photo)
Highlights
- Trump announced a new tariff on 14 countries including Bangladesh.
- Myanmar and Laos were the highest 40% tariff.
- Announcement of imposing 35% tariffs on Bangladesh and Serbia.
Japan and South Korea received first letters
Japan and South Korea are close Asian ally of America. Trump described the long -standing business imbalance with him as the reason for imposing 25% tariff. At the same time, Malaysia and Kazakhstan export electronics, energy and industrial metals to the US. They have also been imposed 25% tariff on them.
What did Donald Trump say?
US President Donald Trump said on trade deals, ‘… We are close to deal with India. We have signed a deal with the United Kingdom. We have signed a deal with China. We have met other countries, and we do not think we will be able to deal, so we have sent them a letter. We are sending letters to many countries, in which they are being told how much tariff they have to give. Some countries will probably adjust a little, it will depend on whether they have any reason or not, we are not going to be inappropriate about it… ‘
#Watch On Trade Deals, Us President Donald Trump Says, “… We are close to make a deal with India. We’re going to be able to make a deal, so we just send them a… pic.twitter.com/p5wu1aesu
