US President Donald Trump
US President Donald Trump has said before imposing a counter custody on major trading partner countries from April 2 that India will ‘cut its fee rates a lot.’ Trump said this about India in a conversation with reporters on Monday at the office ‘Oval Office’ located at the official residence White House. Trump has often described India as a very high fee country. In this sequence, he has announced a counter -duty on imported products from some other countries besides India from April 2. When asked about this, the US President said that I think many (countries) will cut their fees as they have been imposing unfairly on America for years.
European Union has already cut
If you look at the European Union, it has already reduced its fee by 2.5 percent on cars. He said that just some time ago I heard that India is going to make a huge cut in its fee. I said, why did no one do this long ago. Many countries are going to cut their fees. Trump’s counter -duty policy is based on ‘Ko Tit’ theory. This means that the US will impose the same duty on imported goods from countries that these countries impose on American products. Apart from India, it is expected to have special effects on China, European Union, Canada and Mexico. A few hours before Trump’s latest comments, the White House said that India levies a 100 percent fee on US agricultural products. He said that the high fees imposed by other countries have made the import of US products ‘almost impossible’ to those countries.
Time to make historical changes
White House Press Secretary Caroline Lewitt said on Monday that unfortunately, these countries have been looting our country for a long time. I think he has completely cleared his neglect of American workers. He said that the importance of American products in these markets is almost impossible due to unfair trade practices of these countries. It has excluded many Americans from business and work in the last several decades. Levit also showed a chart which had fees levied by India, Japan and other countries. The press secretary said that it is time for a President to take the right steps for American people, make historical changes. And this is going to happen on Wednesday. ”However, Levitt did not give any special information about what kind of fees will be and which countries will affect it.
The President will announce it on Wednesday
He said that the President will announce it on Wednesday. But this will certainly ensure that their fee is responded and the American people behave properly. He said that Trump has a great team of business advisors, including Commerce Minister Howard Lutynik, Finance Minister Scott Besant, US Trade Representative Jamison Greer. Apart from this, Vice President JD Vance was also deeply involved in the conversation.
Latest business news
