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Donald Trump Tariff War: After the announcement of US President Donald Trump’s large scale tariffs, there is a panic worldwide. American trading partners and global markets have suffered a setback. Amidst all this, there are some countries that have not seen much impact of tariffs.
Since the long -standing business partners of America have also included the European Union, Japan and South Korea, on which 20% or more tariffs have been imposed, rivals from Brazil to India to India and Turkey to Kenya are looking at the ray of hope.
Is Brazil survived by American tariff?
According to news agency Reuters, Brazil is one of the economies that have survived the lowest mutual American tariff of 10%. Apart from this, the veteran company in the agricultural sector may also benefit from China’s counter -tariffs, which is likely to affect American agricultural exporters. American tariffs are going to be implemented from April 9.
‘America did not impose tariff on Egypt’
Along with this, Morocco, Egypt, Turkey and Singapore have suffered a trade deficit with the US. They can seek opportunity in the crisis of countries like Bangladesh and Vietnam, which are large surplus countries and have been badly affected by Trump. Egyptian-Turkish joint venture T&C Garments President Magdi Tolba said, “The US has not only imposed tariffs on Egypt. It has imposed a lot of tariffs on other countries. This gives Egypt a very good opportunity to move forward.”
Turkey also seems to be benefiting because other global traders are facing even more tariffs. Business Minister Omar Bolt has said that the tariff imposed on Türkiye is the best in compared to tariffs imposed on many other countries.
Also read: ‘America was bullying …’, China erupted on Trump’s 50 percent tariff threat
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