US President Donald Trump has indicated that he may offer a counter -tariff on February 13. Although he did not give detailed information about his recent tariff scheme, it aims to apply to all the countries that impose a duty on American imports. He posted on his Truth social account, “Three brilliant weeks, perhaps the best, but today it is quite important: counter -tariff !!! Make America Great Again !!! ”
Trump’s post before meeting Modi
This symbolic post of Trump came a few hours before his proposed meeting with Indian Prime Minister Narendra Modi. The two leaders will meet at 4 pm in US local time. This post comes at a time when the Trump administration is planning to implement counter -tariffs, under which US import duty can be implemented as taxes levied by other countries.
Complaints of US administration
The Trump administration believes that the tariffs in India are quite high, causing damage to American exporters. After the announcement of counter tariffs, the bond yield of the euro zone saw a decline in the euro zone. Germany’s 10 -year -old bond yield also continued to decline.
Economists believe that the increase in tariffs may cause Europe’s economy to dull, leading to an increase in interest rates for European Central Bank.
Global trade war and American inflation threat
The recent decisions made by Trump over tariffs have increased the danger of intensifying global trade war. Also, this can also increase inflation in the US, which can cause economic instability.
