Washington:
Due to the policies of Donald Trump, the risk of increasing global trade war is deepening and there is a sense of uncertainty in the market as well. Trump on Wednesday put a heavy tariff of 25 percent on steel and aluminum imported into the US. He says that this move of America will create jobs in factories. At the same time, Donald Trump’s tariff has also been responded to by Canada and the European Union from tariff.
Canada’s befitting reply to Trump
After this move by America, Canada has also imposed 25 percent tariff on goods worth 20 billion imported from America. At the same time, the European Union has also announced a tariff on American face. The Canadian Finance Minister, while announcing 25% tariff on US goods, described it as an action taken under dollar for dollars.
EU also imposed counter -tariff on American goods
Canadian Foreign Minister Melani Jolly said that the tariff imposed by the US is unfair and will have to fight against it. At the same time, the European Union has announced a counter -tariff on about 28 billion American goods from April. European Commission Chief Ursula von Der Leyen said that the counter -tariff will be effective on all goods from borbon to motorbike. While Canada announced 25 percent tariff on 20.7 billion US goods from Thursday itself.
