By Admin 
US President Donald Trump is once again challenging the world’s business relationships. On April 2, he will announce a new tariff policy as ‘Liberation Day’, which will not only protect America’s trade interests, but will also be heavy on its business partners.
Trump says that this day will be a day of financial liberation for America and he will not leave anyone, whether it is his friend or enemy. In such a situation, the question has arisen for countries like India and Canada whether they too will have to face this new tariff policy?
First of all, we understand what is Liberation Day
America’s ‘Liberation Day’ is a special day when President Donald Trump will announce new tariff policies on 2 April. Trump says that this day will be a day of ‘economic freedom’ for America, in which he will take revenge from countries which have imposed more tax (tariffs) on America’s goods. This means that the US will now impose additional fees on those countries, so that they too can apply the same tariff on America, which America has fixed for them. This step is being taken to make America strong in trade.
Can India and Canada also affect the tariff
Both India and Canada are important trading partner countries of America and in the last few years, there has been a fluctuations in the business relationship between these countries. Trump has already targeted countries like China, European Union, India, Canada and Mexico as a ‘business exploiter’. He says that these countries have damaged American industries by planting high tariffs on American products.
Now that Trump has said that he will implement ‘mutual tariff’ on 2 April, it may mean that countries like India and Canada will also face this policy.
American trade will get a boost
Trump’s tariffs aim to promote American trade and attract investment in the US. He believes that through these tariffs, America will get a lot of revenue, which will not only reduce trade deficit, but will also benefit American industries. According to Trump, this step can make America a strong and competitive force in the world.
However, Trump’s move may increase tension in trading partner countries, as they also have the right to impose counter -tariffs. For example, if countries like India and Canada increase tariffs on American products, it can affect business relations between the two countries.
Economists concern
Some economists believe that Trump’s tariffs may cause damage rather than benefiting America’s economy. This can increase inflation and American consumers may face expensive products. Apart from this, the US may also have to face counter -tariffs from other countries, which may further worsen the situation of American industries.