Donald Trump News / Trump will take this big step against India and other countries, the date fixed on April 2

Donald Trump News: US President Donald Trump addressed a joint session of Congress on Tuesday (US time) and made a big announcement about trade policy in his address. He announced that the US is going to impose "reciprocal tariffs" from April 2. This decision is likely to affect many countries including India, China, European Union, Brazil.

What did Donald Trump say?

Trump said in his address, "Other countries have used tariffs against us for decades. Now it is our turn to impose retaliatory tariffs against them too. On average, the European Union, China, Brazil, India and other countries charge many times more tariffs than the US. This system was never fair to the US."

He further said, "India charges 100% tariff from us. This is unacceptable to the US. From April 2, we will also impose tariffs equal to their tariffs. If they impose non-monetary tariffs to keep us out of their market, we will also impose non-monetary barriers to keep them out of our market."

Trump's stance on India

In his address, Trump specifically mentioned India. He said that India is among the countries that impose high tariffs on American products. He called this policy unfair to America and said that it was never fair.

This displeasure of Trump has been seen in India-US trade relations in the last few years. America has many times put pressure on India to reduce import duty, but India has been adopting a high tariff policy to protect its domestic industries.

Plan to make America great and prosperous again

Donald Trump said that this policy is being brought to strengthen America economically again. He said, "Retaliatory tariffs will be implemented soon. This is a step taken to make America rich and great again. This will cause some unrest, but it will not be much and we have no problem with it."

What will be the effect of this step?

• This announcement by Trump can increase tension in global trade relations. Especially, trade relations with countries like India, China and European Union can be affected. Following are some of its possible effects:
• Sourness in India-US trade relations: If the US imposes retaliatory tariffs on India, India may also increase duties on US products. This can have a negative impact on the trade of both countries.
• Possibility of global trade war: This policy of the US may lead to an increase in trade war with China, Europe and other countries. This can have an adverse effect on the global economy.
• Increase in prices of US products: If other countries also impose retaliatory tariffs, US companies may suffer losses, making goods expensive for consumers.
• Strength or weakness of the dollar: This move can also affect the position of the US dollar in the international market.

Conclusion

This announcement by Donald Trump is another example of America's 'America First' policy. It will be interesting to see how other countries react to this move. Whether this policy will strengthen the US economy or create more tension in global trade will be clear in the coming times.