US Tariffs: US President Donald Trump took a big step on Thursday, which he was already warning. He announced to impose new taxes (tariffs) on many countries around the world, including India. This decision of Trump has increased the possibility of trading war broke out. & Nbsp;
Speaking at the Rose Garden of the White House, Trump said on Wednesday that this is a declaration of independence for America. He informed that now a new tax of minimum 10 percent will be imposed. Trump, while announcing his new tax (tariff), included friends and enemies, all countries. This decision angered America’s business partners and said to reply.
Prime Minister of Australia expressed resentment
Australia Prime Minister Anthony Albanese reacted strongly to this. He said that no such friend does. Expressing displeasure over the strict rules leveled on beef imports from Australia, he said that American people will have to pay a heavy price for this wrong decision.
Australia Prime Minister Albanese said that the biggest loss of this tariff of Trump will be to the American people themselves. However, he also made it clear that his government will not impose new tax in return, because it will increase inflation and economic growth will slow down.
Canadian Prime Minister Mark Carney said this said
At the same time, Canadian Prime Minister Mark Carney pledged to fight against Trump’s tariff. He said that this decision can completely change the global trade system. Carney said to take necessary steps in response.
UK, Germany and Ireland preparations for the retaliation
Britain’s Prime Minister Kir Stmper reacted strongly to Trump’s new tariff. He said that trade war is not in the benefit of anyone. Speaking in Parliament, he said that his government is ready for every situation and no option will be rejected.
Germany warned that the trade war would harm both sides. At the same time, Spain’s Prime Minister Pedro Sanchez said that his country will protect its companies and employees and will continue to support an open global economy. The Ireland trade minister said that his country and the European Union are ready to solve this problem through talks with America.
& nbsp; Italy, France and Brazil also released the statement
Italian Prime Minister Georgia Meloni, considered close to Trump, spoke of working closely with Trump to stop the trade war. He said that his government will try his best to reach an agreement with America, so that business war can be avoided. They believe that such war will weaken western countries and benefit other global powers.
At the same time, the French spokesperson said that the European Union will respond to Trump’s new tariff by the end of April. Meanwhile, Latin America’s largest economy Brazil approved a new law on Wednesday to respond to the 10 percent tariff imposed by Trump. However, there was no immediate response from the President of Brazil. But last week President Lula Da Silva said that his country could not sit silent in front of this tariff.