US President Donald Trump
Washington: US President Donald Trump has released an open threat on his social handle Truth social. He said, ‘Any country which connects with the anti -American policies of BRICS will be imposed an additional 10% tariff. There will be no exception to this policy. Thank you for paying attention to this matter.
US President Donald Trump wrote on his Truth social social, “I am happy to declare that the United States tariff letters and agreements with various countries around the world will be distributed on Monday, July 7 at 12:00 pm (Eastern).”
Why does America tariff on other countries?
There may be many reasons for the US imposing tariffs on other countries. We are telling some of these common reasons here. Tariffs have benefited local industries in competition by expensive, which keeps jobs and economic growth safe.
Tariff helps improve business balance by reducing imports, especially with countries where the trade deficit is high. In some cases, tariffs are imposed to protect strategic industries (such as steel or technology) from foreign dependence.
Tariffs can be used to put pressure on other countries, such as implementing trade agreements or to prevent unfair trade practices (such as dumping). Tariffs can also be a source of revenue for the government, although it is less important in modern economies.
Apart from this, if a country imposes tariffs on American goods, then the US can respond by applying counter -tariffs.
Can a country threaten to put a tariff to another country?
This can be done. A country can threaten to put a tariff to another country. It is usually used as a diplomatic or economic strategy to gain profit in business negotiations, prevent unfair trade practices, or other policy goals. Significantly, since Trump has become the President of America, he remains in the discussion worldwide due to his strict attitude.
Trump threatens his social handle Truth social
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