This is considered a big decision of the Trump government, which is also a big blow for many countries. According to the report of the news agency Reuters, Donald Trump said that I have taken this decision with fairness in the matter of trade. He said that we would impose a reciprocal tariff. This means we will also impose tariffs on the countries that charge tariffs from America. It will neither be more nor less.
Donald Trump said something big.
US President Donald Trump said they charge taxes and tariffs from us. We will also impose the same tax and tariff on them. According to some experts, Donald Trump’s decision can increase the tension between America and its trade partners. It is also expected to have an impact on trade and the economy.
Trump said that we want a level playing field. According to the White House, this step is also a part of the trade strategy against America and its opponents. This will strengthen economic and national security. Trump has also described VAT as a type of tariff.
Important things related to reciprocal tariff
For information, let us tell you that a tariff is a tax that is imposed by a country on goods imported from another country. Whatever tariff a country imposes on American goods, America will also impose the same tariff on that country’s goods. Trump had made these big announcements during the election.
During the election campaign, he had said tit for tat. This meant that another tariff would replace one tariff, and due to this, the economic budget of other countries could also see a big loss. For example, if a country imposes a 10 per cent import duty on American products, then America will also impose a tariff of 10 per cent on goods coming from that country.