President Trump of the United States has recently announced that a 25% tariff on steel and aluminum products will apply to all countries, including Japan. This decision marks the beginning of a broader trade policy shift, with considerations already underway for imposing tariffs on other products like automobiles and semiconductors.
The implementation of these tariffs has sparked concerns and discussions among various stakeholders, including government officials, industry leaders, and economists worldwide. Many fear that such protectionist measures could escalate trade tensions, disrupt global supply chains, and potentially lead to retaliatory actions from affected countries. Moreover, the uncertainty surrounding the implications of these tariffs on the global economy has contributed to market volatility and unease.
Ramesh Khatri, a representative of Kansai Nepal News, expressed his concern over the potential repercussions of these tariffs on the Asian markets. He emphasized the importance of maintaining open and fair trade practices to foster economic growth and stability in the region. Khatri highlighted the need for constructive dialogue and collaboration among nations to address trade disputes and avoid detrimental impacts on the global trade system.
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Author: MAYA | HARUTO
Posted at: February 12, 2025 3:02 am
