How effective is Trump's tariff?
US President donald trump has shaken the global market by imposing heavy tariffs on imports from many countries of the world. This retaliatory tariff imposed on april 2, 2025 has again raised the fear of inflation. Due to this, people working abroad and students may have to face challenges in the coming times. This can especially affect those who are thinking of going to America, Britain, Australia, Canada, new zealand and china for studies or work.
Huge increase in US import tax rate
prashant Ajmera, immigration lawyer at Jamera Law Group, while talking to business Standard, said, "The economic picture can completely change for those planning to go to countries like America, Britain, Australia, Canada, new zealand or china for study or job." Fitch Ratings said that during Trump's tenure, the US import tax rate has increased from 2.5 percent to 22 percent in 2024. This was last seen around 1910.
US tariff will have serious consequences
The US has imposed a tariff of 54 percent on Chinese imports. Now china as well as the european union have threatened to retaliate. european union chief Ursula von der Leyen said, "It will have dire consequences for millions of people around the world." French prime minister Francois Bayrou called it "a 'disaster' for the united states and American citizens." Imposition of tariff will make imports expensive. This will not only affect Americans, but also international students as well as immigrants. prashant Ajmera further says, "For indian students who depend more on Chinese products, living will become more expensive because tariffs will increase the price of things." He also warned that if retaliatory action is taken against America, then America can also respond to it through layoffs. He said, "Immigrants, H-1B visa holders and students on OPT may be affected first."
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