On 2 April 2025, the White House made a very important announcement, which has created panic in the economic circles of the whole world. Reciperochl tariffs announced by President Donald Trump have now been implemented with immediate effect. In addition, the automobile tariffs will be applicable on April 3 as per the pre -determined schedule. Since this decision, there has been a stir in the global markets, and the stock markets of many countries including India have registered a huge decline.
The impact of tariff on the stock market
Due to the news of the tariff, the Indian stock market fell to 1400 points on Tuesday, while the NSE Nifty closed down by 353 points. The atmosphere of investors’ restlessness and uncertainty shocked the market, and many bluechip stocks saw tremendous selling.
White House Press Secretary Caroline Lewitt’s statement
In a conversation with the media, the press secretary of the White House Caroline Lewitt told:
“President Trump is busy ‘perfect’ this strategy. He is making sure that this decision is beneficial for American people and workers.”
He also informed that Trump will announce the reciperook tariff at 4 pm (local time) at Rose Garden on Wednesday evening.
International response and trump preparations
According to reports, many foreign governments and corporate leaders have approached the Trump administration. President Trump is ready to negotiate with these countries, especially from governments who are expecting low rates.
“The President is always ready for dialogue, but now he wants to ensure that there is a fair trade with the US and American workers get a proper deal,” – Caroline Levit.
Auto tariffs will also be applicable
Trump has assured that permanent tariffs on imported cars will be applicable from Thursday, 3 April. He announced this only last week. The US will now levy more charges on cars that are imported from foreign markets, especially from countries that impose more duty on imports from America.
What is reciperook tariff?
Reciperochl Tariff is an economic policy that the Trump administration has implemented with the aim of improving America’s trade balance. The following are the main points of this policy:
- Countries that impose more import duty on American products, the US will also impose equal tariffs on their products.
- It aims to balance two -way trade agreements and to maintain American companies in the global market.
- The goal of the reciperook Tariff is to give the US equal status in business agreements.
Why is this tariff important for the world?
- This move of America can create panic in the global trade system.
- This policy is a warning for many countries that if they do unbalanced trade with the US, they will also have to face retaliation.
- This can increase both competition and stress in international trade.
What will be the effect on India?
India, which trade with America in areas such as technology, pharma, and textiles, will not be untouched by this policy. India will have to ensure that its products remain competitive and tax friendly to get admission to American markets.
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