US President Donald Trump has decided to implement new tariffs for the world from Wednesday, causing a stir in the global markets. After this step, there was upheaval in the global financial markets, and especially the stock markets declined. The Sensex fell 1390 points in the Indian stock market on the first day of the new financial year, while the Nifty broke up to 354 points. Trump’s move has once again created an atmosphere of uncertainty in global trade.
White House announced: ‘Tariffs will be applicable with immediate effect’
The White House on Tuesday confirmed that the tariffs proposed by President Trump were going to be implemented soon, and it would be even before the expectations of many people. White House Press Secretary Caroline Lewitt said that President Trump is constantly discussing with his business team to finalize the strategy, and these counter tariffs will be implemented on Wednesday.
America does not intend to give any discount
According to reports, America is not in the mood to give exemption to any country this time. The White House informed that these counter tariffs will be applicable with immediate effect. However, the car tariffs will be applicable from April 3, and it is worth noting that this tariff will not be applied to products made in the US.
There was a stir inside the White House
According to US media reports, when President Trump gave his consent on this broad tariff scheme, some officials of the White House were also surprised. This means that the President has taken a concrete decision after finalizing the decision, but its information was also limited among the officials of the White House. No comprehensive information was shared with anyone in this context, which also shows that the preparation of this decision was done in a very confidential manner.
Impact on global financial markets
Trump’s move was followed by a major decline in global financial markets. Especially in India’s stock market, its impact felt rapidly. Both Sensex and Nifty were badly affected, causing an atmosphere of anxiety among investors. Such steps can increase instability in global trade, and indicate that the changes of American trade policy can affect the economies of other countries.
Waqf Bill: Debate on Waqf Amendment Bill in Lok Sabha and preparation for political aspects
The post Trump’s counter tariff: US President’s new step and global influence first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
