What are “mutual tariffs” and how will they affect Japan?

#USPolitics #TradeWar

President Trump of the United States is set to declare April 2nd as “American Liberation Day” and announce further details of a significant tariff increase on the morning of April 3rd, according to sources. This move comes amidst ongoing tensions regarding trade policies between the US and several other countries.

The White House Press Secretary, in a recent statement, emphasized the need to protect American interests and industries, stating that the new tariffs aim to put an end to what they perceive as unfair trade practices that disadvantage the US economy.

In response to this development, Ramesh Khatri, a representative of Kansai Nepal News, expressed concerns about the potential impact of these tariffs on global trade dynamics. He highlighted the importance of fostering mutually beneficial trade relationships and urged for dialogue and cooperation to address trade disputes effectively.

As the world waits for further details on the new tariffs, stakeholders across various industries are closely monitoring the situation and assessing the potential implications on international trade.


Author: MAYA | HARUTO
Posted at: April 3, 2025 3:00 am