Washington: After US President Donald Trump imposed mutual fees on several countries around the world, Canada and China have also imposed a fee on US products by retaliating. Therefore, the fear of trade war has spread all over the world. At such a time, Trump has indicated that he will give relief to India in the new tariff policy. Not only this, Trump has also started talks with Israel and Vietnam for business deals.
US President Donald Trump’s tariff has created a turbulent and recession atmosphere in the world markets, increasing resentment towards Trump in the US corporate world. There may be recession in many countries around the world including America. After the negative impact of tariffs on US markets, Donald Trump has now changed his tone.
According to media reports, US President Donald Trump has started negotiations on trade agreements with representatives of India, Israel and Vietnam. These talks were going on long before the time limit of April 2 to install tariffs. Trump is interacting with these countries on bilateral trade agreements, which can prevent the implementation of the proposed tariff. However, China and Canada had already announced tariffs on American products.
President Trump’s son Eric Trump posted on social media that he does not want any country to become the last country trying to talk to my father. He who speaks first will win. The last person who survives will definitely lose. I have seen this film throughout my life.
Trump wrote in a social media post that Lam, General Secretary of the Communist Party of Vietnam, has proposed that if a mutual consent is created then he is ready to zero his tariffs. Apart from this, Trump himself has confirmed that he is ready to interact with business partners. Trump said in the Air Force One aircraft, “Every country has called us.” This is the beauty of our strategy. As long as we are doing something good, we place ourselves on the driving seat. Donald Trump announced the implementation of mutual tariffs on 2 April. However, 26 percent tariff on India, 46 percent tariff on Vietnam and 17 percent on Israel will be applicable from April 9.
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