Donald Trump is about to start a new trade war! Will make a big announcement on tariff next week

Donald Trump Trade War : US President Donald Trump is now going to further his plan on tariffs. Trump has revealed the plan to reply tariffs on many countries. In fact, President Donald Trump was meeting with Japanese Prime Minister Shigeru Ishiba on Friday (7 February). During this meeting, Trump said that he will announce tariffs on many countries in the coming week.

Donald Trump had promised tariffs during his election campaign and has also announced a tariff on Canada, Mexico and China soon after assuming the presidency. However, he has adjourned the decision of 25 percent additional tariff on Canada and Mexico for a month at the moment. But after the decision of tariff on some other countries of Trump, a new trade war can be seen.

Donald Trump wants equal business from other countries

According to the Indian Express report, President Donald Trump wants America’s trade to be equal to other countries of the world. President Trump said, “I will announce it next week, so that other countries treat us with equal. We do not want much but do not want less. “

Actually, Trump has spoken about counter -trade. This means that if a country imposes high tariffs on American goods, then America will also put the same tariff on the goods of that country. Apart from this, the Trump administration is also considering auto tariffs.

Experts are expected to have negative effects

Donald Trump has also informed the Republican MPs about their plans during the discussion on the budget at the White House on Thursday (6 February). The Trump administration believes that by putting more tariffs on foreign -discovered materials, the amount will be given to further the tax deduction of 2017. Explain that the current tariff gives America only 2 percent of the annual revenue. At the same time, the Trump administration also believes that increasing the tariff can make some costs compensation.

However, independent analysts have also warned about Trump’s upcoming decision. They believe that this can also have the opposite effect on America and America’s debt can also increase a lot. With the increase in tariffs, other countries can also retaliate on us and this can also affect American exports. Apart from this, it can also have a negative effect on the global economy.

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