 "Trump’s Canada-Mexico 25% of Tream Today, Canada also announced by 25% of tariffs")
The US President Donald Trump has announced to put 25% tariff on Mexico and Canada. Trump announced by talking to reporters on Monday. In addition, 10% tariffship was increased to 20% in February. Canadian Prime Minister Justin Trudo has also said to put a repayment tariff at Trump’s announcement. He said that he would have a 25% of Tariff on US Import of 155 billion in the next 21 days. It will start with Tariff on Tuesday to Tariff on the date of 30 billion.
The US stock market has fallen after tariffs. The US S & P 500 Index has fallen 2%. Trump has exempted from the oil and the tariffs on oil and electricity to import from Canada. The United States will apply only 10% tariff. Trump had said in February that exempt from Canada to Oil imports. In October last year, the United States imports Rs 4.6 million barrel oil from Canada to 5.63 million barrel oils from India. While the US average production of the United States was about 13.5 million barrels.
Donald Trump had issued orders to set up a 25% of tariff on February 1. It was to be implemented on Feb 4. Later, the leaders of the two countries talked to Trump. Then the tariff was postponed for the next 30 days. Mexico has deployed the drug trafficking and illegal immigrants from entering the United States from entering the United States from entering the United States from entering the United States. At the same time, Canada has appointed a fontonous tister to stop Fantanil trafficking.
China imposed 15% tariff on the US
In response to American tariff, China has also announced to set up 15% additional tariffs on the United States of agricultural products. It includes soiet, wheat, corn, cotton. These tariffs will be effective from March 10. In addition, it has been decided to raise tariff 10% on soybeans, pork, beef, seafood, fruits, vegetables and dairy products.
The Americans will be the only loss of Trump Tariff: Peterson Institute for International Economics and Yale University’s Budget Lab, US tariffs will have a negative effect on its citizens. US families have to spend 1,000 additional 1,000 extra, about Rs 90,000. Companies like Ford and Walmart are already warned that Tariff will have a negative effect on their businesses. According to Economic Ishwar Prasad, tariffs, tariffs will affect the business in the United States of Cardel University.
USA Trade Agreement (FTA) with Canada and Mexico
A free trade agreement with the United States and Mexico is a trade agrement (FTA). Under this, there is no tariff on any importing export between these countries. Trump signed North American free trade agreements with Mexico and Canada during his previous tenure. Those three countries had bought 1 trillion worth Rs 1 trillion in 2023. At the same time, more than 1.5 trillion were sold for the dollars. According to the report, the most influence of trump tariff time will have on the auto sector, agriculture, technology.