Trump Reciperookal Tariff: US President Donald Trump today posted on his social media platform Truth Social that ‘Today is Liberation Day in America’ (April 2 is the Independence Day of America). He will announce the tariff with his cabinet members at the Rose Garden of the White House at 4 pm (Indian time at 1:30 am).
Trump will announce tariff today
Trump is promising that his new business policies will protect America from ‘loot’ and will take the country back to the ‘Golden Age’. On Tuesday, the White House made it clear that the new tariff would be implemented immediately after the announcement of President Trump. The purpose of these tariffs is to deal with ‘unfair trade policies’ that harm American workers and industries.
For a long time it remained the world’s piggy
Trump said in a press conference, “America has been a world’s piggy for a long time.” Today, we are taking control again. This is our Independence Day – the day of freedom from improper trade agreements, heavy duty on American goods and policies that harm our businesses and workers.
Trump’s announcement will affect many countries
This move of Trump administration will affect major trade partners like China, European Union, India, Japan, Mexico and Canada. The announcement of these tariffs has created a stir in the global markets and many countries have indicated possible retaliation. This has increased the possibility of a new global trade war.
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