US President Donald Trump signed an executive order. After which a new tariff was announced on almost all American trading partners, including 34 percent on imports from China and 20 percent on the European Union. The US President described it as the day of Liberation Day. Trump has not spared allies like India, Britain, Australia, Japan in his decision. But except this, Trump has given princely states to his staunch enemies. Countries like Russia, Cuba, Belarus, and North Korea are exempted from this new tariff. The reciperook tariff i.e. the country which puts the tariff on America, Trump has imposed half of it. Afghanistan imposes 49 percent tariffs, according to that it should have been charged 25 percent. But the Trump administration imposed only 10 percent tariff on it.
Also read: What has started the biggest trade war? World leader raging on Trump’s tariff declaration, some reaction in this style
What did Trump say about Putin
Trump insisted that if he and Russia were unable to compromise to prevent bloodshed in Ukraine and if I think it was Russia’s fault, which may not happen, but if I think it is Russia’s fault, then all the oil coming from Russia will apply a secrete tariff on all oil coming from Russia.
Also read: TRUMP’s tariff relaxes India, all the work of China-Pakistan! What did the statement come from the Modi government?
Why did America give relief to Russia
According to an Exios report, White House Press Secretary Caroline Levit said Russia has been exempted from US sanctions, as it is already subject to US sanctions. Additionally, Russia also urged Trump to lift some restrictions imposed on it as part of the US -based talks. The report reported that the US-Russia trade, which used to be US $ 35 billion in 2021, fell to nearly $ 3.5 billion due to the US restrictions shower after the Russian invasion of Ukraine.