#USPresident #Tariffs #TradeWar
On April 2nd, President Trump of the United States announced the tax rates for the “reciprocal tariffs” to be imposed on countries and regions worldwide.
Reciprocal tariffs involve raising tariffs to the same level for trading partners that impose high tariffs. President Trump’s decision has sparked concerns and discussions about the potential impact on global trade relations.
Ramesh Khatri, a representative of Kansai Nepal News, shared his perspective on the news. “The announcement of reciprocal tariffs by President Trump is likely to escalate trade tensions between countries, leading to potential disruptions in international trade flows,” he stated. Khatri emphasized the importance of diplomatic efforts to address trade disputes and prevent a full-blown trade war.
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Author: MAYA | HARUTO
Posted at: April 6, 2025 12:00 am
