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Donald Trump Tariff Date: US President Donald Trump is currently bursting his tariff bomb. Whether it is a conference of BRICS or a visit to a country. Everyone has the tension of Dadagiri with the tariff of Trump ….Read more
Donald Trump’s tariff policy increased tension. (Credit- Reuters)
Highlights
- America extended tariff date by 21 days
- New tariffs will be implemented from 1 August
- Worldwide eye on Donald Trump’s policy
Trump had promised to make 90 deals in 90 days during his tenure, but so far only two agreements have been reached – with Britain and the other with Vietnam. These agreements are also in primary stage and further interaction is required to finalize them. The agreement with Vietnam includes minimum 20 per cent tariff, which is less than the earlier 46 per cent tariff threat. It is still more than the current rate of 10 percent.
Talk is stuck with India
There has also been a temporary agreement with China, in which it is agreed to withdraw some tariffs. At the same time, talks are going on with India and the European Union, but there is a shortage of concrete results. The conversation with India is stuck on American demand, in which it wants more access to Indian agriculture and dairy markets. These are political and socially sensitive areas for India.
Trump’s tariff bomb threat
Trump has sent a letter to 13 countries to warned that if there is no agreement till August 1, then he is 10 to 70 percent. New tariff Can be installed. America’s close partners such as Japan and South Korea have already been hit by this notice. Apart from this, the Trump administration has also threatened an additional 10 percent tariff on countries supporting BRICS policies considered anti-America.
New tariffs will be implemented from 1 August
White House Press Secretary Caroline Lewitt said that the reciperook tariff has now been postponed till 1 August. Earlier these tariffs were to be implemented from July 9. Trump will issue executive letters to formalize this deadline extension. Levit told that these letters will continue to be posted on the Truth social of Donald Trump, as with Japan and South Korea.
Let us tell you that on Monday, US President Donald Trump has created a stir in the global trade world by announcing a new tariff on 14 countries including Bangladesh. While announcing this, he has sent letters to all these countries, whose words and language are exactly the same. So far, he has imposed the highest 40 percent tariff on Myanmar.
What is tariff?
Let us tell you that tariff is a kind of customs or tax. Any country can put on those goods that come from abroad. This tax government collects from companies importing. The country controls the business among themselves only by decreasing it. If a country increases tariffs, foreign goods are expensive in its domestic market. In this way, the government’s earnings only increase, consumption of foreign goods decreases. In this way, the demand for domestic goods increases. Production also increases. Donald Trump is imposing these tariffs under his US First policy.
In News18, working at the offbeat desk. Earlier Zee Media Ltd. I have also experienced TV journalism along with digital. Information about writing and production of digital videos. With art literature during TV journalism …Read more
In News18, working at the offbeat desk. Earlier Zee Media Ltd. I have also experienced TV journalism along with digital. Information about writing and production of digital videos. With art literature during TV journalism … Read more
