The counter -tariff policy announced by former US President Donald Trump is being discussed worldwide. Trump has announced a plan to impose tariffs on more than 60 countries, the effect of which is clearly visible on the global markets. Due to this decision, the stock markets of many countries including India have registered a decline. Experts believe that if this policy is applicable, it may increase the risk of global recession.
When the tariff reached the island of penguins
The most shocking thing of this policy was that the US also included such islands in the list of tariffs where humans do not live.
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The US has imposed a 10% tariff on Hurd and McDonald island.
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The islands are included in the seven outskirts of Australia and are located from the Antarctic coast about 4100 km away and 1600 km away.
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The region is snow -covered, uninhabited and only a home of penguin, seal and marine birds.
This decision was so unusual that even experts are unable to understand which imports could be done to America from there.
Even more strange names include
The tariff list of Trump administration includes not only Herd and McDonald Island, but also three other outskirts of Australia:
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Cocos (Keeling) Island
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Christmas Island
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Norfolk island
The most surprise is about Norfolk Island, where 29% tariffs have been imposed – 19 percent higher than other parts of Australia.
The island is located about 1600 km north-east from Sydney and only 2,000 people live here.
“We do not export anything” – Administrator of Norfolk
The Norfolk Island administrator and Australian representative George Plant said: “In my knowledge, we do not export anything to America. There is no tariff on anything from our side, yet we have been included in this US policy. We are completely surprised.”
Tariff also on British Indian Ocean region
The Trump administration has also imposed a 10% tariff on the British Indian Ocean Region (BIOT), including the Chagos Islands.
The largest island in the region is Diego Garcia, where the United US-Bitish military base is located. Many questions are also being raised about this decision, because this region holds military importance and the common citizen trade is very limited from there.
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The post Trump’s tariff policy stir in global markets, bearing in many countries including India first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
