US President donald trump, who has been beating china, has created a new twist in the trade war with China. believe it or not, Chinese businessmen burst into fireworks and celebrated after hearing trump speak at the white house yesterday. What happened then..? On Tuesday, donald trump told reporters that if an agreement is implemented to eliminate the heavy taxes imposed on Chinese imports, the reciprocal tax imposed on china could be reduced to a large extent. This new change in Trump's approach has also put a temporary full stop to the trade tensions that have been rising for the past few weeks. In fact, after Trump's speech yesterday, the US stock market and the dollar have risen sharply.

 The price of gold, which had been rising steadily, has fallen to $200.  Speaking to reporters at the white house, trump said that trade talks between china and the US are underway, and if these talks go smoothly, the current 145 percent tariff imposed on china is too high. Therefore, if a trade agreement is signed, this tariff will definitely be reduced significantly, but it will not be zero. In April, the US and china alternately imposed tariffs on each other's imported goods, which caused a lot of damage from the stock market to the local market. Trump's speech is the end of all this. A few days ago, the US white house issued a statement stating that tariffs of up to 245 percent had been imposed on Chinese goods. However, this tax is not for all goods, and this 145 percent reciprocal tax has been imposed on some goods that are already taxed, so it is calculated as 245 percent. trump also mentioned another important point in yesterday's press conference.
"The united states is being very 'nice' in trade negotiations with China. If we make a deal, the taxes will be reduced," he said firmly. This shows that trump has taken a step back from the tough stance he had taken against China. The major reason for this change is said to be the huge decline in the US stock markets in the past few months. It is known that the united states and china are the two largest economies in the world, in which china is the supplier and America is the consumer. In this situation, a trade war between the two countries is a big problem for both countries. Similarly, while many countries such as the united states, India, Europe, and taiwan are currently protesting against china in various ways, the disruption to the global supply chain, the rise in commodity prices, and the impact on stock markets have greatly affected the stock markets. As a result, china has come to the talks with the green flag shown by Trump. Investors are confident that if a trade agreement is successfully concluded between the united states and china, the current situation will completely change. Now, trump is trying to pave the way for a trade agreement.
This is expected to create a stable environment for the American economy and give confidence to investors. It is not clear when this agreement will be formed, but this soft approach by trump has created hope that trade tensions may decrease. These changes are important for India, especially tamil Nadu. tamil Nadu is one of the major manufacturing and export centers of India. Automobile, electronics, and textile factories in cities like Chennai, Coimbatore, and madurai are closely linked to global supply chains. It is also predicted that if the US-China trade tensions ease, India's export opportunities will increase and it will be a big boost to the export trade of tamil Nadu factories.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

Sowmiya Sriram

23/04/2025 08:53 PM