Trump spreads tariff war: The US has spread the tariff war around the world, imposing retaliatory tariffs on 25 countries, including Pakistan.
The US President announced a 29% retaliatory tariff on Pakistan and said that Pakistan charges us 58% tariffs, the US will impose 26% tariffs on India, 34% on China, 20% on the European Union, and 10% tariffs on Saudi Arabia, Qatar and Afghanistan.
US President Donald Trump said that he will impose 37% tariffs on Bangladesh, 24% on Japan, 17% on Israel and 10% on the UK, and will impose an additional 25% tax on car imports. The implementation of retaliatory tariffs will be good for the US; the tariffs of other countries have harmed the US.
Donald Trump said that today is our day of economic freedom, we will use the money generated from the taxes to reduce our taxes, American citizens have been sidelined for years, other nations have become powerful.
The US President further said that now is America’s turn for prosperity. US President Donald Trump also signed an executive order for retaliatory tariffs.