Trump Tariff: Trump's tariffs hurt the US economy, decision to return to Reciprocal Tariff will be difficult


Posted on 11th Apr 2025 11:40 am by rohit kumar

The fear of Reciprocal Tariff is still a little uncertain but comparatively seems to be calming down a little. Donald Trump government realized in just a week that reciprocal tariff is a weapon that can hurt the American economy. Due to internal pressure, the Trump government has currently banned reciprocal tariffs for all countries except China for 90 days.

 

Experts believe that it will be difficult for it to come back again. At least America will not make a decision again in this form. After the way the market has fallen at the global level in the last few days and uncertainty has spread, it is being felt in America that America can also get caught in the vicious cycle of recession along with inflation. The stock market can be destroyed and the whole world can turn against America on the trade front.

 

America is the largest importer of consumer goods.

America is the largest importer of all types of consumer goods, from food to everyday items. The service sector has a share of 88 percent in the US economy. Agriculture has a 1.5-2 percent share while the remaining 8-9 percent share is of manufacturing. In such a situation, America cannot immediately fulfill the needs of its citizens from the production done in the country. It takes years to develop the supply chain and till then the Americans have to bear the brunt of inflation.

 

Even if garment, footwear, and electronics factories are set up, the goods produced will be sold at a higher price due to the high salaries of the residents. As soon as the reciprocal duty was announced on April 2, goods became expensive in America, the stock market collapsed, and the industrialists there were seen to be in trouble. The matter reached such an extent that American importers started talking about reducing the export prices by 15-20 percent, which would have been difficult for companies of many countries. That is, the income of the importers there was going to decrease. There was pressure to postpone this decision not only from the opposition Republicans but also from the people close to Trump in the government.

 

Trump imposed a reciprocal tariff on China in 2018 as well.

 

Ajay Srivastava, founder of Global Trade Research Initiative (GTRI) and former foreign trade officer who played an important role in free trade agreements with various countries, said that as soon as reciprocal tariffs were imposed, people in America took to the streets. The economy there was in danger. Trump had imposed reciprocal tariffs in 2018 as well, but then it was imposed only on China. This time it was imposed on the whole world and given the results, reciprocal tariffs had to be postponed within a week.

 

He says that I do not think Trump will try to bring back reciprocal tariffs again. If some countries retaliate against the US over reciprocal tariffs or protest, then a small amount of tariffs can be imposed against them.

 

Reciprocal tariffs likely in India are low.

 

According to Srivastava, there is no possibility of reciprocal tariffs coming back on India again. The US is entering into a free trade agreement (FTA) with India. But the way America is trying to enter into a trade agreement with India in the agricultural sector seems difficult. Instead, India can get complete freedom from reciprocal duty forever by making its duty on industrial goods zero and this will also benefit India in trade.

1 Like 0 Dislike
Previous news Next news
Other news

CSK vs KKR: 'If you want to be a champion then...', said KKR vice-captain Venkatesh Iyer before the match against Chennai

Kolkata Knight Riders will face Chennai Super Kings at Chepauk on Friday in IPL 2025. Ahead of th

Jaat Collection: Will Sunny Deol's Jaat spoil Sikandar's calculations? Huge earnings in booking 1 day before release

Bollywood actor Sunny Deol is currently in the limelight for his upcoming film 'Jaat'. This film

'Take concrete steps instead of making hollow claims', Rahul Gandhi spoke to Amit Shah; also took information from CM Omar Abdullah.

Leader of Opposition in Lok Sabha Rahul Gandhi said on Wednesday that he has spoken to Home Minis

Can the Supreme Court decide the deadline of the bill? President Murmu asked these 14 questions to the court.

President Draupadi Murmu has objected to the Supreme Court's decision of April 8. In this, a time

Preparations for action against Pakistan? NSA Ajit Doval met PM Modi for the second time in 24 hours

Tensions between India and Pakistan continue after the attack in Pahalgam, Jammu and Kashmir. Mea

'Sorry, more than my ego...', Sonu Nigam apologizes to the people of Karnataka after the Bengaluru concert controversy.

Sonu Nigam had stated at a Bangalore concert some time ago that some people were forcing him to s

RCB vs DC : Delhi and Bangalore teams will come out to maintain the momentum, eyes will be on Virat and Starc

The teams of Delhi and Bangalore, which are in great form, will clash on Thursday. The 24th match

Grand welcome for PM Modi in Sri Lanka, 5 ministers welcomed him with guard of honor

Prime Minister Narendra Modi has arrived in Sri Lanka on a three-day visit after his visit to Tha

Pahalgam Terror Attack: Demand to end sports relations with Pakistan, Sachin-Kohli also expressed grief over the terrorist attack.

The Indian sports world has also mourned the Pahalgam terror attack. At the same time, former Ind

In this district of UP, 60 percent of the properties registered illegally in the name of Waqf are in danger, action will be taken!

After the Waqf Amendment Bill was passed by a majority in the Lok Sabha, various discussions have

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash