US President Donald Trump has imposed tariffs of up to 25 per cent on imports from Canada and Mexico. Trump’s target now is countries like India, China, Brazil and the European Union. Addressing a joint session of Congress, Donald Trump said that from April 2, the United States will also impose reciprocal tariffs on these countries. “Whatever tariffs these countries put on the United States, we’ll put on them,” Trump said.
Addressing the US Congress, US President Donald Trump openly named India and said that India charges us 100% tariffs in the auto sector. This is disastrous for America. Many countries, including China, Brazil, India and the European Union, charge very high tariffs from the US. It’s very unfair.
We will make America great again: Trump
“Other countries, friend or foe, have used massive tariffs against us for decades,” Trump said. But now it is our turn. We will also now apply reciprocal tariffs against these countries. This tariff will be applicable to all countries from April 2. After this, if they impose non-monetary tariffs to keep us out of their market, then we will also remove them from our market by imposing non-monetary barriers. “
Donald Trump further said in his address that the rule of reciprocal tariffs will make America great and rich again. “It’s going to happen very soon,” Trump said. There will be some disturbance by implementing it, but it will not cause us any problem. America will take care of it.
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Canada and China retaliated with tariffs on the United States.
The new 25% tariff imposed by Donald Trump on Canada and Mexico has come into effect. At the same time, the US has also imposed 20% tariffs on Chinese goods. Now these countries have started retaliating against the US. China has responded to the US by announcing tariffs of 10 to 20% on a number of American goods. Canadian Prime Minister Justin Trudeau has also said that he is imposing 25% tariffs on 30 billion Canadian dollars worth of goods coming from the US. The remaining 125 billion Canadian dollars worth of U.S. goods will be subject to tariffs after 21 days. Mexico has also said it will soon impose new tariffs on US goods.
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