US President Donald Trump celebrated the American day of liberation on Wednesday and announced extensive “mutual tariffs” against several countries. Trump introduced import taxes, which calls “mutual tariffs” and ranges from 10% to 49% in the simplest statement: the US would do its business partners what the US has been doing for decades.
Trump Tariffs: Country-Wise Complete List of Mutual Tariffs
The Trump administration deposited 26% of the import of imports from India, which is slightly higher than 20% of the subscription for the European Union, 24% for Japan and 25% for South Korea. China was hit by one of the highest rates for the US main business partner and now faces a tariff at least 54% for many goods.
WIEGHS IN SOCIAL MEDIA
The announcement of the “discounted” Trump tariffs has attracted markets and social media. One user said: “New announced Trump tariffs- basically add 20% to the cost of any product you buy. It will be terrible.”
“That’s terrible!” Read another reaction.
At the same time another user said, “Trump’s administration went crazy.” The post was: “They simply calculated the trade deficit with each country, and only divided it by exporting this country. This number calls a tariff and charges 50% of it as a reciprocal tariff. This is nothing but madness.”
“This is very bad for global trade. That would be more devastating to us than any other country. Expect and be prepared for hard times,” he said.
“Trump’s mutual tariffs are clear Hawkish surprise For the world economy and markets, “read another comment.
Meanwhile, social media user has published in favor of Trump’s tariffs against India and said: “India has many more tariffs on American goods than the other way.
In another post, a registered investment advisor Sebi said he believes that “… is a great opportunity for India to carry out very important economic and administrative reforms that have long been delayed. I am sure that without these reforms we cannot grow, prosper and develop.”
He said, “In India, if there is no pressure on the punch, there is no reform. We can hope this time ???
Another social media user hoped that “the negotiating game will start right now. Prepare for Ride Ridel Coaster”
(Tagstotranslate) Trump tariffs
