As soon as the US President (US President), Donald Trump started putting tariffs on all countries and started the trade war in the world. Not only China, Mexico, Canada but also on India, they have announced to impose tariffs. But, on the other hand, in the response of Trump Tariff, other countries including China have also retaliated and announced the tariff on America.
Donald Trump’s tariff is also being strongly opposed in America and from political corridors to veteran celebrities are criticizing it. Warren Buffet, a American investor and among the top billionaires of the world, called it a kind of war, speaking on the Warren Buffett on Trump Tariff. Apart from this, America has got many more shocks. Let’s know how in five points?
First point: Dollar declines
For some time, there was a continuous rise in the US dollar, but now the US Dollar has started seeing a decline between Trump’s tariff war. On March 5, the dollar index measuring dollar value fell to 105.7 against the six big curders of the world on 5 March. Experts believe that the impact of the announcement of the tariff made by all countries in the response of the Economy and the response of Trump Tariff has shown the impact on the dollar. In the last one week, the US dollar has fallen by about one and a half percent.
Second Point: Earthquake in American markets
On the one hand, Donald Trump is calling it a decision to increase domestic production and promote employment, so Donald Trump, while announcing reciperoch tariff on India and other countries including China, Mexico, Canada, is getting to see its reaction in the US stock market and the decline of it has been going on for the past few days. According to the reports, Tariff War has increased the concern of the country’s markets about the impact on American growth and it is related to the risk of increasing inflation due to tariffs. On the last trading day Dow Jones fell by 670 points, S&P 71.57 points, while NASDAQ was closed with a decline of 65 points.
Third point- Decline in crude oil
There is a big decline in the price of Crude Oil. Internationally, Brent Crude Price has fallen to $ 70.85 per barrel, while WTI Crude is trading at $ 67.74 per barrel. However, there are many reasons behind this decline in crude oil price and among them the American tariff is also one. According to reports, OPEC+ is planning to increase its production in April 2025 and US President Trump himself asked OPEC+ to increase the production of crude oil a few days ago. Meanwhile, a tariff has been announced on the US in response to Canada, Mexico and China. In fact, the possibility of trade war affecting trade war and uncertainty in markets is also visible on crude prices.
Fourth Point: China, Mexico, Canada
Donald Trump first targeted China, Mexico and Canada as part of his tariff policy and put tariffs on them. The US imposed a 25 per cent tariff on US imports from Canada and Mexico, which came into force on March 4, while China has also implemented a tariff of 20 per cent. In response to this, where Canada announced a 25% tariff on American goods, Mexico also announced to decide on Sunday. China also immediately responded to the US Import to impose 10 to 15 per cent of additional tariffs, which will be applicable from March 10. Not only this, China has also installed Export-Emport BAN to 25 American companies.
Fifth point: Stir in America, greenery in India
Addressing the US Congress on Wednesday, Trump also targeted India and said that India imposes 100 percent tariffs. This is not right at all. Taking a formal announcement of the tariff war, he said that now whatever country will impose tariffs on America. Along with this, the tariff should be implemented from April 2. But Trump’s announcement did not affect the Indian market and Sensex-NIFTY was seen openly opening in the green zone. Actually, many such global indications have been found between tariff war, through which the sentiments of investors have been affected and greenery is seen in the market instead of fear. These include the decrease in the price of crude oil in addition to the dollar value.