
US Tariff: US President Donald Trump announced to impose tariffs on many countries of the world including India on April 2. Since then, a situation of trade war has been going on. Today again America has decided to impose 104 percent tariff on Chinese electronic goods. After this decision, a trade war has started between the two countries with the largest economies of the world.
Meanwhile, US Trade Representative Jamieson Greer has made a big statement. He has claimed that countries like India, Argentina, Vietnam and Israel are planning to reduce the tariffs imposed by them. He made this statement in the US Senate Finance Committee, in which he justified President Donald Trump's trade policies.
According to Jamieson Greer, these countries have contacted the US administration and expressed their desire to reduce tariffs. This means that if America reduces tariffs, they will also follow the same policy. Greer compared the 5% tariff imposed by the US on agriculture to India's average agricultural tariff of 39% and said that this clearly shows how non-reciprocal trade policies lead to losses for the US.
India's changing attitude towards tariff
According to Greer, many countries including India are now taking Trump's tariff policy seriously and are working towards reducing tariffs. He said that about 50 countries have contacted members of the Trump administration. They have shown interest in improving trade relations with the US. India is an important name in this list as it is a major trading partner of the US. Such changes in tariff policies will have a huge impact on the bilateral relations of the two countries.
Greer gave information through figures.
Greer told through figures that since 1994, the US has lost 5 million jobs and 90,000 factories. The agriculture sector, which was once an important part of trade, has now gone into loss. Such a situation has been seen especially during the last two years of the Biden administration. All these changes are the result of unilateral tariffs, trade barriers and foreign competitive policies, which have caused huge losses to the US.
This is not only a trade strategy but also a national security strategy.
Greer described the Trump administration's policy as not only a trade strategy but also a national security strategy. He said that due to the tariffs imposed by America, many countries of the world are trying to improve their trade policies. They are realizing that America will no longer remain passive. We are demanding reciprocity and fairness in trade. Jamieson Greer said that Donald Trump's aggressive trade policies are now showing their effect at the global level.
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