Trump takes action against 2 countries after becoming president..!?

Donald trump, who has been sworn in as US President, has immediately started his aggressive actions. As already announced, he has announced that he will increase import duties on Mexican and Canadian goods to 25 percent. trump has said that he plans to implement this from february 1. This has created a situation where a major trade war could develop between the united states, canada, and Mexico. While everyone was expecting trump to beat china as president, he has now beaten these two countries. After taking office as president, he signed various orders and said that he planned to impose a 25 percent tax on goods imported into the united states from canada and Mexico. Because canada and mexico allow a large number of people to enter the united states illegally and these two countries allow a large number of people to enter the united states illegally, he accused. In particular, he criticized canada for helping many people enter the united states illegally.
He made harsh criticisms of neighboring countries canada and Mexico. Following Trump's announcement that import duties on Canadian and Mexican goods would be increased, the value of the Mexican currency, the peso, and the Canadian dollar fell. The value of the US dollar appreciated. Similarly, trump hinted at raising tariffs on Chinese goods. china imposes high tariffs on goods imported from the united states, but we impose much lower tariffs on Chinese goods. This is leading to unfair trade, and he said he will discuss this with the Chinese president.
He also threatened to increase tariffs on Chinese goods if china does not comply with the agreement to give a 50 percent stake in the TikTok app to an American company. He said that his intention is to enrich our citizens by taxing the goods of other countries rather than taxing our citizens and enriching other countries. He also said that he is thinking of imposing a 100% tariff on goods imported from countries in the BRICS group. india is also in this group. trump has long been accusing the policies of the BRICS group of countries of being favorable only to China.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

Sowmiya Sriram

21/01/2025 01:25 PM